PICS (NASDAQ:PICS) Given New $18.00 Price Target at Royal Bank Of Canada

PICS (NASDAQ:PICS) had its price target decreased by Royal Bank Of Canada from $19.00 to $18.00 in a report released on Wednesday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

PICS has been the subject of several other reports. Zacks Research raised shares of PICS to a “hold” rating in a report on Wednesday, February 25th. Wells Fargo & Company set a $27.00 price target on shares of PICS in a report on Tuesday, February 24th. Wall Street Zen raised shares of PICS from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings downgraded shares of PICS from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Finally, HSBC initiated coverage on shares of PICS in a report on Thursday, February 19th. They issued a “buy” rating and a $21.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.17.

PICS Stock Down 19.2%

Shares of NASDAQ:PICS opened at $9.03 on Wednesday. The firm has a fifty day moving average price of $11.66. PICS has a one year low of $9.00 and a one year high of $19.95.

Insiders Place Their Bets

In other PICS news, Director William Rodney Pruett purchased 100,000 shares of the stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of $11.80 per share, with a total value of $1,180,000.00. Following the completion of the purchase, the director directly owned 100,000 shares of the company’s stock, valued at approximately $1,180,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.