Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $63.11 on Royal Bank Of Canada (NYSE:RY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.14 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Royal Bank Of Canada (NYSE:RY) stands at 12.27.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Royal Bank Of Canada Common Sto, the PEG ratio for coming 3-5 years is 3.41.
The technical analysis highlights that Royal Bank Of Canada Common Sto current is trading $1.41 points away or +2.33% from its 50-day moving average of $60.38. Further it is trading $3.96 or +6.85% away its 200-day moving average of $57.83.
The 52-week high of Royal Bank Of Canada (NYSE:RY) was $63.43 while lowest point recorded in 52-week was $44.37. It implies if stock price makes a movement of over $-1.64, it will record a new 52-week high. In the case of +39.26% drop, it will touch a new 52-week low.
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