Jefferies Financial Group Has Lowered Expectations for Royal Bank of Canada (TSE:RY) Stock Price

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target dropped by research analysts at Jefferies Financial Group from C$195.00 to C$180.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 13.29% from the company’s current price.

RY has been the topic of several other reports. CIBC upgraded Royal Bank of Canada from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$167.00 to C$168.00 in a report on Friday, April 4th. UBS Group boosted their price objective on Royal Bank of Canada from C$192.00 to C$198.00 in a report on Friday, March 7th. TD Securities reduced their price target 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 research 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, National Bankshares cut their price target on Royal Bank of Canada from C$190.00 to C$179.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$180.00.

Royal Bank of Canada Stock Down 1.3 %

Shares of Royal Bank of Canada stock traded down C$2.02 during midday trading on Monday, hitting C$158.89. The company had a trading volume of 3,332,590 shares, compared to its average volume of 4,617,667. The company has a fifty day simple moving average of C$163.51 and a 200 day simple moving average of C$169.69. The stock has a market cap of C$224.83 billion, a price-to-earnings ratio of 13.84, a PEG 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.

Insider Activity

In related news, Director David Ian Mckay sold 20,304 shares of Royal Bank of Canada stock in a transaction on Monday, February 24th. The shares were 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 Royal Bank of Canada stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$161.89, for a total transaction of C$49,862.12. In the last quarter, insiders have sold 61,836 shares of company stock valued at $10,443,690.

Royal Bank of Canada Company Profile

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.