Royal Bk Cda Montreal Que (RY) Share Price Declined While Montrusco Bolton Investments INC Decreased by $5.14 Million Its Holding

June 19, 2017 - By Marie Mckinney

Montrusco Bolton Investments Inc decreased its stake in Royal Bk Cda Montreal Que (RY) by 2.49% based on its latest 2016Q4 regulatory filing with the SEC. Montrusco Bolton Investments Inc sold 76,777 shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 3.01M shares of the commercial banks company at the end of 2016Q4, valued at $203.81M, down from 3.08M at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $104.39B market cap company. It closed at $71.01 lastly. It is down 16.29% since June 19, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Foxbusiness.com which released: “Royal Bank of Canada’s Earnings Rise — Update” on May 25, 2017, also Business.Financialpost.com with their article: “Royal Bank of Canada boosts profit by 9 per cent to $2.8 billion” published on May 25, 2017, Seekingalpha.com published: “Royal Bank of Canada’s (RY) CEO David McKay on Q2 2017 Results – Earnings Call …” on May 25, 2017. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Reuters.com and their article: “MOVES-Royal Bank of Canada, Evercore, BNP Paribas, BCS Global Markets” published on June 14, 2017 as well as Seekingalpha.com‘s news article titled: “Royal Bank Of Canada: Wait And Watch” with publication date: May 30, 2017.

Royal Bank of Canada (NYSE:RY) Ratings Coverage

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Royal Bank Of Canada has $95 highest and $69 lowest target. $79.25’s average target is 11.60% above currents $71.01 stock price. Royal Bank Of Canada had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Monday, February 27. The rating was upgraded by TD Securities on Monday, November 21 to “Buy”. The firm has “Buy” rating given on Thursday, August 27 by Bank of America. The stock of Royal Bank of Canada (NYSE:RY) has “Buy” rating given on Thursday, August 25 by Argus Research. Citigroup maintained Royal Bank of Canada (NYSE:RY) on Wednesday, September 14 with “Buy” rating. The company was initiated on Friday, July 1 by Argus Research. Rafferty downgraded Royal Bank of Canada (NYSE:RY) on Thursday, December 1 to “Hold” rating. On Saturday, August 22 the stock rating was downgraded by Zacks to “Hold”. Citigroup maintained it with “Buy” rating and $89 target in Monday, August 15 report. The stock of Royal Bank of Canada (NYSE:RY) earned “Buy” rating by Argus Research on Monday, December 12.

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