Royal Bank of Canada – Consensus indicates 16.3% upside potential

Royal Bank of Canada with ticker code (RY) now have 4 total analysts covering the stock. The consensus rating is “Buy”. The range between the target price high and the target price low lies between 115.73 and 106.31 and has a medium target at 112.21. Given that the stock’s previous close was at 96.48, this indicates that there is 16.3% upside potential. The 50-day MA is at 102.52 and the 200 moving average is now moving to 105.91. The company has a market cap of $134,779 million. Company website: https://www.rbc.com

The potential market capitalization would be $156,753 million based on market consensus.

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Royal Bank of Canada is a globally diversified financial services company. The Company’s Personal and Commercial Banking segment offers checking and savings accounts, home equity financing, personal loans, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, commercial products and services to small and medium commercial enterprises. This segment offers financial products and services through branches, ATMs and mobile sales network. Its Wealth Management segment offers a suite of advice-based solutions and strategies to high net worth, ultra high net worth individuals and institutional clients. The Company’s Insurance segment offers life, health, home, auto, travel, estate, annuity and reinsurance insurance advice and solutions; and business insurance services for individuals, businesses and groups through its Advice Centers, RBC Insurance Stores and Mobile Advisors; digital, mobile and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset management, custody, payments and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange and global securities finance services. The Company’s Capital Markets segment provides corporate and investment banking services, as well as issuance, distribution, advisory, sales and trading services of stocks and debt for corporates, investors institutions, asset managers, private equity firms and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

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