Royal Bank of Canada (TSE:RY) Receiving Very Favorable News Coverage, Study Finds

Media coverage about Royal Bank of Canada (TSE:RY) (NYSE:RY) has trended very positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of 3.20 on their scale. InfoTrie also gave news articles about the financial services provider an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have effected Royal Bank of Canada’s ranking:

A number of brokerages recently weighed in on RY. Canaccord Genuity decreased their price target on shares of Royal Bank of Canada from C$110.00 to C$86.50 in a research note on Wednesday. Citigroup upgraded shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and decreased their price target for the stock from C$113.00 to C$95.00 in a research note on Wednesday, May 6th. CSFB decreased their price target on shares of Royal Bank of Canada from C$105.00 to C$100.00 in a research note on Friday. TD Securities decreased their price target on shares of Royal Bank of Canada from C$115.00 to C$105.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Scotiabank decreased their price target on shares of Royal Bank of Canada from C$99.00 to C$97.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Royal Bank of Canada has an average rating of “Buy” and an average price target of C$102.85.

Shares of RY stock traded down C$1.41 during mid-day trading on Friday, hitting C$82.27. The stock had a trading volume of 2,249,500 shares, compared to its average volume of 4,906,904. Royal Bank of Canada has a fifty-two week low of C$72.00 and a fifty-two week high of C$109.68. The firm has a market cap of $119.16 billion and a PE ratio of 9.14. The company’s 50-day simple moving average is C$84.89 and its 200-day simple moving average is C$98.14.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Friday, February 21st. The financial services provider reported C$2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.30 by C$0.14. The firm had revenue of C$12.84 billion during the quarter, compared to analyst estimates of C$12.11 billion. Research analysts expect that Royal Bank of Canada will post 8.9899992 earnings per share for the current fiscal year.

In related news, Senior Officer Helena Gottschling sold 692 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of C$83.25, for a total value of C$57,609.00. Following the completion of the sale, the insider now owns 1,273 shares in the company, valued at C$105,977.25. Also, Director David Ian Mckay sold 7,515 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$82.09, for a total transaction of C$616,931.15. Following the completion of the sale, the director now owns 5,873 shares of the company’s stock, valued at approximately C$482,133.95. Insiders sold a total of 30,754 shares of company stock valued at $2,741,901 in the last 90 days.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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