Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price boosted by Citigroup from C$118.00 to C$120.00 in a report released on Tuesday. Citigroup’s target price would indicate a potential upside of 17.84% from the company’s current price.

Several other equities research analysts also recently weighed in on RY. Scotiabank downgraded Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$102.00 to C$100.00 in a report on Monday, August 21st. BMO Capital Markets reissued a “market perform” rating and set a C$100.00 price objective on shares of Royal Bank of Canada in a report on Thursday, August 24th. National Bank Financial cut their target price on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Thursday, August 24th. Barclays lifted their target price on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Finally, Eight Capital lifted their target price on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Royal Bank of Canada currently has a consensus rating of “Hold” and an average target price of C$106.31.

Royal Bank of Canada (TSE RY) traded down C$0.64 during midday trading on Tuesday, hitting C$101.83. The company had a trading volume of 1,414,741 shares, compared to its average volume of 2,596,873. Royal Bank of Canada has a 12 month low of C$89.94 and a 12 month high of C$102.59.

In other Royal Bank of Canada news, Director Thierry Vandal acquired 729 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of C$91.91 per share, with a total value of C$67,002.39. Also, insider Jennifer Anne Tory sold 359 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of C$94.31, for a total value of C$33,857.29. Insiders sold a total of 32,731 shares of company stock worth $3,209,901 over the last three months.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/citigroup-increases-royal-bank-of-canada-ry-price-target-to-c120-00.html.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.