<div id="readability-page-1"><p>Shares of Royal Bank of Canada (TSE:RY - Get Free Report) <span>NYSE: RY<span></span></span> crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$210.10 and traded as high as C$233.35. Royal Bank of Canada shares last traded at C$232.72, with a volume of 2,647,762 shares.</p><div><p><span></span><span>Get <strong>Royal Bank of Canada</strong> alerts:</span></p></div><h2>Analysts Set New Price Targets</h2><ul><li>7 Short Squeeze Stocks to Look Into for Your Portfolio</li></ul><p>RY has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce upped their target price on Royal Bank of Canada from C$220.00 to C$229.00 and gave the company a &#34;neutral&#34; rating in a research report on Thursday, December 11th. Natl Bk Canada raised Royal Bank of Canada from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Monday, December 1st. BMO Capital Markets raised their target price on shares of Royal Bank of Canada from C$229.00 to C$245.00 in a research report on Wednesday, December 17th. Raymond James Financial upped their price target on shares of Royal Bank of Canada from C$229.00 to C$239.00 and gave the company an &#34;outperform&#34; rating in a research report on Thursday, December 4th. Finally, National Bankshares upgraded shares of Royal Bank of Canada from a &#34;sector perform&#34; rating to an &#34;outperform&#34; rating and increased their price target for the stock from C$203.00 to C$231.00 in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued  a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of C$229.77.</p><p><b>View Our Latest Stock Report on Royal Bank of Canada</b></p><h2>Royal Bank of Canada Trading Up 0.7%</h2><ul><li>Taylor Morrison: A Home Building Stock You Can Buy at a Discount</li></ul><p>The stock has a fifty day simple moving average of C$230.89 and a two-hundred day simple moving average of C$210.10. The company has a market cap of C$325.86 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 3.42 and a beta of 1.28. </p><p>Royal Bank of Canada (TSE:RY - Get Free Report) <span>NYSE: RY<span></span></span> last issued its earnings results on Wednesday, December 3rd. The financial services provider reported C$3.85 earnings per share (EPS) for the quarter. The business had revenue of C$17.21 billion during the quarter. Royal Bank of Canada had a return on equity of 13.27% and a net margin of 28.23%. As a group, equities research analysts anticipate that  Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year. </p><h2>Insider Transactions at Royal Bank of Canada</h2><ul><li>How to Invest in Canada for Beginners: Tips for Easy Investing</li></ul><p>In other Royal Bank of Canada news, Director David Ian Mckay sold 91,288 shares of the firm's stock in a transaction on Friday, December 12th. The stock was sold at an average price of C$228.75, for a total value of C$20,882,130.00. Following the completion of the sale, the director owned 5,873 shares of the company's stock, valued at approximately C$1,343,448.75. This trade represents a 93.96% decrease in their ownership of the stock. </p><h2>About Royal Bank of Canada</h2> (Get Free Report)<p>Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries. </p><h2>See Also</h2><ul><li>Five stocks we like better than Royal Bank of Canada</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>The day the gold market broke</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Your Bank Account Is No Longer Safe</li><li>He just nailed another gold prediction …</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Royal Bank of Canada Right Now?</h2><p>Before you consider Royal Bank of Canada, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Bank of Canada wasn't on the list.</p><p>While Royal Bank of Canada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Royal Bank of Canada (TSE:RY) shares crossed above their 200-day moving average of C$210.10, reaching a high of C$233.35 before closing at C$232.72. Analysts have raised their price targets, with Canadian Imperial Bank of Commerce increasing theirs to C$229.00 and BMO Capital Markets to C$245.00. The stock has a market cap of C$325.86 billion and an average rating of "Moderate Buy" with a target price of C$229.77. The bank reported C$3.85 EPS and C$17.21 billion in revenue for the last quarter.</p>

Royal Bank of Canada (TSE:RY) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?