Royal Bank of Canada (TSE:RY) Price Target Lowered to C$180.00 at Jefferies Financial Group

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price lowered by stock analysts at Jefferies Financial Group from C$195.00 to C$180.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 10.41% from the company’s previous close.

RY has been the subject of several other reports. National Bankshares reduced their price objective on Royal Bank of Canada from C$190.00 to C$179.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Cormark decreased their price target on shares of Royal Bank of Canada from C$194.00 to C$189.00 in a research note on Friday, February 28th. TD Securities lowered their price objective on shares of Royal Bank of Canada from C$180.00 to C$178.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Cibc World Mkts upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 3rd. Finally, Scotiabank lowered their price target on shares of Royal Bank of Canada from C$197.00 to C$191.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$180.00.

Royal Bank of Canada Trading Up 2.3 %

RY opened at C$163.03 on Monday. The stock has a market capitalization of C$230.69 billion, a P/E ratio of 14.21, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12 month low of C$131.57 and a 12 month high of C$180.45. The firm’s fifty day simple moving average is C$163.19 and its 200 day simple moving average is C$169.64.

Insider Buying and Selling

In other news, Director David Ian Mckay sold 20,304 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$169.67, for a total transaction of C$3,444,896.43. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$161.89, for a total value of C$49,862.12. Over the last 90 days, insiders sold 41,224 shares of company stock worth $6,834,030.

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.