Canaccord analyst Scott Chan raised the firm’s price target on Royal Bank of Canada to C$136 from C$131 and keeps a Buy rating on the shares. The analyst said he raised his target P/E premium to 10% from 8% and rolled forward his valuation one quarter.
Published first on TheFly
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Read More on RY:
- Royal Bank of Canada upgraded to Market Perform at Keefe Bruyette
- Royal Bank of Canada raises quarterly dividend 3% to C$1.32 per share
- Royal Bank of Canada reports Q4 diluted EPS C$2.74, up 2% y/y
- RBC Snaps Up HSBC Canada For C$13.5 Billion
- Royal Bank of Canada to acquire HSBC Canada for C$13.5B in cash
