Royal Bank of Canada (RY) Set to Announce Earnings on Wednesday

Royal Bank of Canada (TSE:RY) (NYSE:RY) will be posting its quarterly earnings results before the market opens on Wednesday, November 28th. Analysts expect Royal Bank of Canada to post earnings of C$2.13 per share for the quarter.

Shares of Royal Bank of Canada stock opened at C$95.06 on Monday. Royal Bank of Canada has a 52 week low of C$93.13 and a 52 week high of C$108.52.

In other news, insider Alex Douglas Mcgregor sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of C$104.04, for a total transaction of C$2,080,800.00. Also, insider Helena Gottschling sold 1,079 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of C$104.05, for a total value of C$112,269.95. Over the last 90 days, insiders have bought 900 shares of company stock valued at $69,849 and have sold 64,081 shares valued at $6,502,360.

A number of research firms have issued reports on RY. Canaccord Genuity decreased their price objective on Royal Bank of Canada from C$111.00 to C$102.00 in a report on Thursday. Barclays decreased their price objective on Royal Bank of Canada from C$104.00 to C$99.00 in a report on Friday, November 16th. National Bank Financial increased their price objective on Royal Bank of Canada from C$109.00 to C$111.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. Eight Capital increased their price objective on Royal Bank of Canada from C$119.00 to C$122.00 in a report on Thursday, August 23rd. Finally, BMO Capital Markets increased their price objective on Royal Bank of Canada from C$106.00 to C$110.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$110.70.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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Earnings History for Royal Bank of Canada (TSE:RY)

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