Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target upped by Desjardins from C$108.00 to C$111.00 in a research note released on Tuesday morning, BayStreet.CA reports. Desjardins also issued estimates for Royal Bank of Canada’s Q2 2019 earnings at $2.18 EPS, FY2019 earnings at $8.89 EPS and FY2020 earnings at $9.57 EPS.
TSE:RY opened at C$105.12 on Tuesday. Royal Bank of Canada has a 1 year low of C$90.10 and a 1 year high of C$107.91. The firm has a market capitalization of $150.88 billion and a PE ratio of 12.37.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings results on Friday, February 22nd. The financial services provider reported C$2.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$2.19. The business had revenue of C$11.59 billion during the quarter, compared to the consensus estimate of C$10.93 billion. On average, research analysts expect that Royal Bank of Canada will post 9.61999942495645 EPS for the current year.
In related news, Senior Officer Alex Douglas Mcgregor sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of C$102.01, for a total transaction of C$153,015.00. Following the completion of the transaction, the insider now owns 54,675 shares of the company’s stock, valued at C$5,577,396.75. Also, Director David Ian Mckay sold 8,259 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of C$101.65, for a total value of C$839,492.66. Following the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at approximately C$596,965.78. Insiders have sold 38,895 shares of company stock valued at $4,015,255 in the last ninety days.
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.
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