Royal Bank Of Canada (NYSE:RY) PEG Ratio At 4.5000

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Market experts’ mean price target is at $63.9600 for Royal Bank Of Canada (NYSE:RY) stock. First Call has set EPS estimate of $1.3400 for next quarter and $5.1800 for this year.

Technical View

The technical appraisal of Royal Bank Of Canada Common Sto identifies that the 50-day MA of Royal Bank Of Canada (NYSE:RY) stock is $62.0077, and is trading $0.8979 points away or +1.4480% from 50-day moving average of $62.0077. It is trading $2.1460 or +3.5320% off 200-day MA of $60.7596. MA should be denoted as moving average.

The 52-week high of Royal Bank Of Canada (NYSE:RY) was $64.1300 while $44.3700 is the low in the same period. Royal Bank Of Canada Common Sto share price need to increase over $-1.2244 to register 52-week high or nosedive +41.7751% for hitting 52-week low.

Technical study is a trading tool used to assess securities and attempt to estimate their future movement by analysing statistics collected from trading activity, like volume and price movement. Unlike fundamental experts who attempt to assess a security’s intrinsic value, technical experts focus on price movement recorded on charts and numerous analytical tools to assess a security’s weakness or strength and estimate future price changes.

Technical analysts believe past trading activity and price changes of a security are better indicators of the security’s likely future price movements than the intrinsic value of the security. Technical analysis was shaped out of basic concepts garnered from Dow Theory, a philosophy about trading market activities that originated from the initial literatures of Charles Dow. Two simple assumptions of popular Dow Theory that trigger all of technical study are market discounts every element that may impact a security’s price and secondly market price movements are in identifiable trends and patterns that repeat over time.

Royal Bank Of Canada (NYSE:RY) P/E ratio is 12.1159 while PEG ratio is at 4.5000. Royal Bank Of Canada Common Sto stock recorded a close of $62.9056 in last trading session, which gets it market cap to $93.34B.

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