Canadian stock alert

CANA

CLOSING UPDATE: Royal Bank of Canada decreases further 0.3%, led Bank sector lower 21 September 2018 18:15 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Royal Bank of Canada, Canada's largest bank by market capitalisation, has decreased 0.4% to trade at CAD104.09 vs. the Bank sector which weakened 7.1 points (or 0.3%) to 2,396.9. Representing a weighting of about 25.9% of the sector, the stock accounted for 37.9% of today's loss. Trading volume was 2.4 times average at the end of the day. Compared with the S&P/TSX 60 Index which rose 1.4 points (or 0.1%) in the day, this represented a relative price change of -0.7%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings/Growth of 1.64 [0.2]

+ Price/Sales of 5.6 [0.8]

Note

Bullish Signals:

The positive 0.4 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The price increased 1.0% in the last week and 1.5% in the last month.

Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 3% of stock by value of Q Ratio.

Net profit margin has averaged 43.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

The Brand Value represents an impressive 10.1% of the estimated Enterprise Value of CAD131.5 billion (US$101.9 billion).

As per the Du Pont analysis, Return on Equity of 15.6% is better than sector average of 14.8%.

TODAY'S ALERT

Afternoon Alert: Royal Bank of Canada decreases 0.2%, leads Bank sector lower

21 September 2018 14:43 EDT

Royal Bank of Canada (TSX:RY) has decreased 0.2% to trade at CAD104.38 vs. the Bank sector which weakened 288.2 points (or 12%) to 2,115.8. Representing a weighting of about 29.4% of the sector, the stock accounted for 0.4% of today's loss. Trading volume was 2.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Royal Bank of Canada increases 0.4%

18 September 2018 18:14 EDT

Royal Bank of Canada, Canada's largest bank by market capitalisation, traded on volume of 0.7 times average today while the price increased 43.0c (or 0.4%) to trade at CAD103.95. Compared with the S&P/TSX 60 Index which rose 6.8 points (or 0.7%) in the day, this represented a relative price change of -0.3%.

Afternoon Alert: Royal Bank of Canada increases 0.6%, leads Bank sector higher

18 September 2018 14:43 EDT

Royal Bank of Canada (TSX:RY) has increased 0.6% to trade at CAD104.11 vs. the Bank sector which strengthened 7.4 points (or 0.5%) to 1,491.1. Representing a weighting of about 41.6% of the sector, the stock accounted for 47.4% of today's gain. Trading volume was 1.1 times average so far today.

Royal Bank of Canada (T:RY; TSE:RY; N:RY; CN:RY)

ISIN: CA7800871021

PermID: 4297085562

CIK: Royal Bank of Canada

Source: www.BuySellSignals.com