Scotiabank Lowers Royal Bank of Canada (TSE:RY) Price Target to C$191.00

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY had its price target decreased by analysts at Scotiabank from C$197.00 to C$191.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the financial services provider's stock. Scotiabank's price target suggests a potential upside of 12.92% from the stock's current price.

Other analysts have also issued research reports about the stock. BMO Capital Markets cut their price objective on shares of Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. CIBC cut their price objective on shares of Royal Bank of Canada from C$176.00 to C$175.00 in a research report on Tuesday, February 18th. TD Securities lowered shares of Royal Bank of Canada from a "buy" rating to a "hold" rating and upped their price target for the stock from C$178.00 to C$180.00 in a research report on Friday, November 15th. Jefferies Financial Group dropped their price target on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research report on Tuesday, February 18th. Finally, UBS Group dropped their price target on shares of Royal Bank of Canada from C$200.00 to C$192.00 in a research report on Friday, February 14th. Two research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$180.50.

Royal Bank of Canada Stock Down 0.0 %

Shares of RY stock traded down C$0.08 during trading on Thursday, reaching C$169.14. The company's stock had a trading volume of 3,969,368 shares, compared to its average volume of 4,571,364. The business has a fifty day moving average price of C$172.76 and a 200-day moving average price of C$169.09. The company has a market cap of C$239.33 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a one year low of C$130.44 and a one year high of C$180.45.

Insider Buying and Selling at Royal Bank of Canada

In related news, Senior Officer Douglas Antony Guzman sold 1,538 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of C$177.09, for a total value of C$272,363.80. Following the transaction, the insider now directly owns 25 shares in the company, valued at approximately C$4,427.24. This represents a 98.40 % decrease in their ownership of the stock. Also, Director David Ian Mckay sold 20,304 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total transaction of C$3,555,721.76. Insiders have sold a total of 22,150 shares of company stock worth $3,882,024 over the last ninety days.

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.