Recent Price Action
On 11/30/23, Royal Bank of Canada (NYSE: RY) stock enjoyed a large increase of 3.5%, closing at $90.40. Moreover, this advance was accompanied by above average trading volume at 129% of normal. The stock has performed in line with the market over the last nine months and has risen 3.4% during the last week.
Current PriceTarget Research Rating
RY's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Royal Bank of Canada has a current Value Trend Rating of C (Neutral). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing contradictory signals. Royal Bank of Canada has a good Appreciation Score of 74 but a slightly negative Power Rating of 37, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.