CIBC lifted their price target on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a research note on Monday, November 13th. BidaskClub upgraded Royal Bank Of Canada from a "sell" rating to a "hold" rating in a report on Saturday, August 19th. They provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. They have employee approximately Seventy Thousant full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the USA and 36 other countries.
A number of other brokerages have also weighed in on RY. Vanguard Group Inc. grew its stake in shares of Royal Bank Of Canada by 4.1% in the second quarter. As per Thursday, November 2, the company rating was maintained by Keefe Bruyette & Woods. Scotiabank reissued a hold rating and issued a $101.00 price target on shares of Royal Bank Of Canada in a report on Wednesday, November 22nd. Canaccord Genuity upped their target price on shares of Canadian Western Bank from C$29.00 to C$30.00 in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. The stock now has an average rating of "Hold" and an average price target of $93.60. Scotia Capital maintained Canadian Western Bank (TSE:CWB) on Wednesday, March 29 with "Sector Perform" rating. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $115,708.79, a PE ratio of 13.80, a PEG ratio of 1.79 and a beta of 1.07. National Bank of Canada has a 52 week low of $42.84 and a 52 week high of $59.12. Shareholders of record on Thursday, January 25th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.53%.
A number of hedge funds have recently made changes to their positions in the business. The stock of Royal Bank of Canada (NYSE:RY) has "Buy" rating given on Friday, July 1 by Argus Research. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider's stock valued at $159,000 after acquiring an additional 26 shares during the last quarter. Can grew its stake in shares of Royal Bank Of Canada by 6.2% in the third quarter. Cubist Systematic Strategies Llc acquired 22,827 shares as Om Asset Mgmt Plc (OMAM)'s stock declined 4.91%. (NYSE:GG) by 1.79 million shares in the quarter, for a total of 5.68 million shares, and has risen its stake in Ttm Technologies Inc (NASDAQ:TTMI). Jarislowsky Fraser Ltd now owns 16,449,799 shares of the financial services provider's stock worth $1,269,791,000 after acquiring an additional 132,595 shares in the last quarter.
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Royal Bank of Canada (RBC), is a diversified financial services company. It also provides leading products, such as commercial lending and real estate, energy lending, and equipment financing products; mortgages; secured and unsecured lines of credit; registered retirement savings plan, consolidation, car, and recreation vehicle loans; and credit cards. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.