Royal Bank Of Canada (RY) has risen sharply, recording gains of 2.95% in the past 4 weeks. However, the stock has corrected -0.25% in the past 1 week, providing a good buying opportunity on dips. Royal Bank Of Canada (RY) : Traders are bullish on Royal Bank Of Canada (RY) as it has outperformed the S&P 500 by a wide margin of 3.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.4%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.7% and the fifty day Moving Average is 3.61%. Royal Bank of Canada is up 2.5% in the last three month period. Year-to-Date the stock performance stands at 20.99%.
Royal Bank Of Canada (RY) : 5 investment research analysts covering Royal Bank Of Canada (RY) have an average price target of $62.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $68 and the lowest target is $55 for the short term. Analysts expect the variance to be within $5.14 of the average price.
Royal Bank Of Canada (NYSE:RY): On Fridays trading session , Opening price of the stock was $63.11 with an intraday high of $63.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $62.62. However, the stock managed to close at $62.76, a loss of 0.32% for the day. On the previous day, the stock had closed at $62.96. The total traded volume of the day was 1,034,658 shares.
Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.