Royal Bank of Canada (RY), Canada’s second-largest bank, announced Monday that the RBC Race for the Kids will return on October 16-17, 2021, as a weekend of virtual events globally. It will offer attendees a revamped virtual experience through a new mobile app.
RBC encourages participants to run, walk, or roll independently — or with friends and family — while observing the health guidelines of their region.
No matter where participants are physically located, they can choose to support any of the 35 partner charities during the registration process. All of the partners provide essential support and services to youth in their communities.
Additionally, RBC has pledged C$13 million to food security, mental health, and strategic preparedness initiatives in response to the COVID-19 pandemic. (See Royal Bank of Canada stock charts on TipRanks)
On Friday, Barclays analyst John Aiken kept a Buy rating on RY with a C$142 price target. This implies 8.7% upside potential.
The rest of the Street is cautiously optimistic on RY with a Moderate Buy consensus rating, based on five Buys and three Holds. The average Royal Bank of Canada price target of C$137.19 implies 4.8% upside potential to current levels.
TipRanks’ Smart Score
RY scores an 8 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform the overall market.
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