Jefferies Financial Group Lowers Royal Bank of Canada (TSE:RY) Price Target to C$192.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target dropped by equities research analysts at Jefferies Financial Group from C$197.00 to C$192.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 11.94% from the stock’s current price.

A number of other brokerages also recently weighed in on RY. UBS Group reduced their price target on shares of Royal Bank of Canada from C$200.00 to C$192.00 in a report on Friday, February 14th. BMO Capital Markets lowered their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. Scotiabank raised their price objective on Royal Bank of Canada from C$167.00 to C$197.00 in a research report on Monday, November 25th. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$178.00 to C$180.00 in a report on Friday, November 15th. Finally, CIBC upped their target price on Royal Bank of Canada from C$167.00 to C$176.00 in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Royal Bank of Canada currently has an average rating of “Buy” and a consensus target price of C$181.00.

Royal Bank of Canada Stock Down 0.0 %

Shares of RY stock opened at C$171.52 on Tuesday. Royal Bank of Canada has a 12 month low of C$130.44 and a 12 month high of C$180.45. The firm has a market cap of C$242.70 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The stock has a 50 day moving average of C$173.28 and a 200-day moving average of C$168.72.

Insider Activity at Royal Bank of Canada

In other news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25. Also, Director David Ian Mckay sold 20,304 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$3,555,721.76. Insiders sold 22,150 shares of company stock valued at $3,882,024 over the last ninety days.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.