Or all of the Canadian banks for that matter? RBC's stock is on a seemingly never ending ride up. Every analyst forecast I read shows consensus targets of between like $65 and $90. It is up now $30 from the low last year. According to analysts this is WAY overbought. Anyone know why we are seeing this run up? I don't think Trumpanomics can account for ALL of these gains. Anyone able to shed some light? I keep waking up pissed off because my buy target keeps getting further and further away.
The only time the stock has historically made similar gains was during the recovery of the 2008 crash...so what is going on? I'm not an expert but I also know banks don't usually make this much of a gain in such a short amount of time without a significant catalyst. Can we expect a correction here/does anyone see indicators of one?
Thanks for the insight.
Submitted January 13, 2017 at 02:23PM by MustardTiger88 http://ift.tt/2jNsIq9
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