Stock To Watch: Royal Bank Of Canada (NYSE:RY)


The leading market experts have placed a mean price target of $64.90 on Royal Bank Of Canada (NYSE:RY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.36 a share for the upcoming quarter and $5.25 for the current fiscal.

Technical View

The technical analysis of Royal Bank Of Canada Common Sto plainly substantiates that the 50-day moving average of Royal Bank Of Canada Common Sto is $61.80, and stock is trading $-0.34 points away or -0.54% from its 50-day moving average of $61.80. Further it is trading $1.99 or +3.35% away its 200-day moving average of $59.47. Royal Bank Of Canada (NYSE:RY) 52-week high is $64.13 and the 52-week low is $44.37.

This explains if the stock moves $-2.67, it will post a 52-week high. In event of +38.52% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Royal Bank Of Canada Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Royal Bank Of Canada (NYSE:RY) ratio came in at 11.58.

The stock last ended the trading session at $61.46 and registered a market cap of $91.19B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Royal Bank Of Canada (NYSE:RY) PEG ratio is at 4.40.

1 Chart Pattern Every Investor Should Know

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