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

Royal Bank of Canada (TSE:RY - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.