Desjardins downgraded shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) from a buy rating to a hold rating in a report issued on Wednesday, The Fly reports.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Royal Bank of Canada from a hold rating to a sell rating in a research report on Thursday, November 21st. Barclays reaffirmed a sell rating on shares of Royal Bank of Canada in a research report on Wednesday, August 21st. Scotiabank reiterated a buy rating on shares of Royal Bank of Canada in a research note on Tuesday, August 20th. CIBC upgraded shares of Royal Bank of Canada from a neutral rating to a sector outperform rating and increased their price objective for the company from $109.00 to $120.00 in a research note on Thursday, November 21st. Finally, ValuEngine cut shares of Royal Bank of Canada from a hold rating to a sell rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $108.50.
NYSE:RY traded down $0.46 during trading hours on Wednesday, hitting $79.06. 43,316 shares of the company traded hands, compared to its average volume of 907,976. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $113.77 billion, a PE ratio of 12.11, a PEG ratio of 2.07 and a beta of 1.11. The firm’s 50-day simple moving average is $81.62 and its 200-day simple moving average is $79.00. Royal Bank of Canada has a one year low of $65.76 and a one year high of $82.58.
Royal Bank of Canada Company Profile
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.
See Also: What is the Nikkei 225 index?
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.