Royal Bank Of Canada (RY) has risen sharply, recording gains of 1.6% in the past 4 weeks. However, the stock has corrected -1.07% in the past 1 week, providing a good buying opportunity on dips. Royal Bank Of Canada (RY) : During the past 4 weeks, traders have been relatively bearish on Royal Bank Of Canada (RY), hence the stock is down -0.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.49% relative to the S&P 500.
Royal Bank Of Canada (NYSE:RY): The stock opened at $60.22 on Friday but the bulls could not build on the opening and the stock topped out at $60.42 for the day. The stock traded down to $59.99 during the day, due to lack of any buying support eventually closed down at $60.31 with a loss of -0.33% for the day. The stock had closed at $60.51 on the previous day. The total traded volume was 905,905 shares.
The stock has recorded a 20-day Moving Average of 0.28% and the 50-Day Moving Average is 0.29%. Royal Bank of Canada is up 3.35% in the last 3-month period. Year-to-Date the stock performance stands at 16.26%.
Royal Bank Of Canada (RY) : Average target price received by Royal Bank Of Canada (RY) is $61.54 with an expected standard deviation of $5.13. The most aggressive target on the stock is $68, whereas the most downbeat target is $55. 5 financial analysts are currently covering the stock.
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.