Royal Bank of Canada (TSE:RY) Given New C$192.00 Price Target at Jefferies Financial Group

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price dropped by research analysts at Jefferies Financial Group from C$197.00 to C$192.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 12.12% from the company’s previous close.

Other analysts have also issued reports about the stock. Canaccord Genuity Group increased their target price on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. National Bankshares increased their target price on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. CIBC increased their target price on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a research note on Tuesday, November 26th. Scotiabank increased their target price on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a research note on Monday, November 25th. Finally, TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and upped their price target for the company from C$178.00 to C$180.00 in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$181.00.

Royal Bank of Canada Price Performance

Shares of Royal Bank of Canada stock traded up C$2.58 on Tuesday, hitting C$171.25. The company had a trading volume of 705,220 shares, compared to its average volume of 4,573,451. The business has a 50-day simple moving average of C$173.56 and a 200-day simple moving average of C$168.47. The company has a market cap of C$242.32 billion, a PE ratio of 14.92, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52 week low of C$130.44 and a 52 week high of C$180.45.

Insider Buying and Selling at Royal Bank of Canada

In other news, 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 transaction of C$3,555,721.76. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25. Insiders sold a total of 22,150 shares of company stock valued at $3,882,024 in 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.