Royal Bank of Canada Reaches Analyst Target Price
August 15, 2017 at 09:23 AM EDT
In recent trading, shares of Royal Bank of Canada (Montreal, Quebec) (RY) have crossed above the average analyst 12-month target price of $72.95, changing hands for $73.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..