Canaccord Genuity analyst Scott Chan CFA maintained a Buy rating on Royal Bank Of Canada (NYSE:RY) on Tuesday, setting a price target of C$123, which is approximately 7.70% above the present share price of $90.43.
Chan CFA expects Royal Bank Of Canada to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Royal Bank Of Canada, with an average price target of $99.51.
The analysts price targets range from a high of $125 to a low of $90.27.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $12.92 billion and a net profit of $0. The company's market cap is $128.85 billion.
According to TipRanks.com, Canaccord Genuity analyst Scott Chan CFA is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.2% and a 57.72% success rate.
Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.