Jefferies Financial Group Cuts Royal Bank of Canada (TSE:RY) Price Target to C$192.00

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY had its price target lowered by stock analysts at Jefferies Financial Group from C$197.00 to C$192.00 in a report released on Tuesday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 13.34% from the company's current price.

Other equities analysts have also recently issued reports about the company. CIBC raised their target price on Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Scotiabank raised their target price on Royal Bank of Canada from C$167.00 to C$197.00 in a report on Monday, November 25th. National Bankshares raised their target price on Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. BMO Capital Markets lowered their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Finally, Barclays upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$180.50.

Royal Bank of Canada Stock Performance

Shares of TSE RY traded down C$2.12 during mid-day trading on Tuesday, reaching C$169.40. 2,708,785 shares of the company's stock were exchanged, compared to its average volume of 4,642,438. The firm has a market capitalization of C$239.70 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52-week low of C$130.44 and a 52-week high of C$180.45. The company's 50-day moving average is C$173.28 and its 200-day moving average is C$168.72.

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 1,538 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$177.09, for a total value of C$272,363.80. Following the completion of the sale, the insider now owns 25 shares in the company, valued at approximately C$4,427.24. The trade was a 98.40 % decrease in their ownership of the stock. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$53,938.25. In the last 90 days, insiders have sold 22,150 shares of company stock valued at $3,882,024.

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.