Jefferies Financial Group Issues Pessimistic Forecast for Royal Bank of Canada (TSE:RY) Stock Price

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY had its price target decreased by Jefferies Financial Group from C$197.00 to C$192.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 13.46% from the stock's current price.

Other equities research analysts have also issued research reports about the company. CIBC boosted their target price on Royal Bank of Canada from C$167.00 to C$176.00 in a research note on Tuesday, November 26th. Canaccord Genuity Group boosted their price target on Royal Bank of Canada from C$188.00 to C$191.00 in a report on Thursday, December 5th. National Bankshares boosted their price target on Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. BMO Capital Markets reduced their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Finally, UBS Group reduced their price target on Royal Bank of Canada from C$200.00 to C$192.00 in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$180.50.

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Royal Bank of Canada Stock Down 0.1 %

Shares of TSE RY traded down C$0.18 during midday trading on Tuesday, reaching C$169.22. The company had a trading volume of 2,685,795 shares, compared to its average volume of 4,588,086. Royal Bank of Canada has a one year low of C$130.44 and a one year high of C$180.45. The firm's fifty day moving average price is C$172.93 and its 200-day moving average price is C$168.95. The stock has a market cap of C$239.45 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Insiders Place Their Bets

In related news, Senior Officer Douglas Antony Guzman sold 1,538 shares of the company'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 sale, the insider now owns 25 shares in the company, valued at C$4,427.24. This represents a 98.40 % decrease in their position. Also, Director David Ian Mckay sold 20,304 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total value of C$3,555,721.76. In the last quarter, insiders have sold 22,150 shares of company stock worth $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.