UBS Group Issues Positive Forecast for Royal Bank of Canada (TSE:RY) Stock Price

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY had its price objective lifted by equities researchers at UBS Group from C$192.00 to C$198.00 in a research report issued on Friday,BayStreet.CA reports. UBS Group's target price suggests a potential upside of 19.86% from the stock's previous close.

A number of other equities research analysts have also recently commented on the stock. Scotiabank reduced their target price on shares of Royal Bank of Canada from C$197.00 to C$191.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. CIBC dropped their target price on Royal Bank of Canada from C$175.00 to C$167.00 in a report on Wednesday. Cormark decreased their price target on Royal Bank of Canada from C$194.00 to C$189.00 in a report on Friday, February 28th. Canaccord Genuity Group lifted their price objective on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Finally, Jefferies Financial Group reduced their target price on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of "Buy" and a consensus target price of C$181.67.

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Royal Bank of Canada Price Performance

Shares of RY stock traded up C$1.78 during trading hours on Friday, hitting C$165.19. The stock had a trading volume of 1,031,470 shares, compared to its average volume of 4,417,331. The firm has a market capitalization of C$233.74 billion, a PE ratio of 14.39, a PEG ratio of 3.42 and a beta of 0.84. The stock's 50 day moving average is C$171.79 and its 200 day moving average is C$170.13. Royal Bank of Canada has a twelve month low of C$131.57 and a twelve month high of C$180.45.

Insider Activity at Royal Bank of Canada

In related news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$169.67, for a total value of C$52,257.10. Also, Senior Officer Douglas Antony Guzman sold 1,538 shares of Royal Bank of Canada 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 transaction of C$272,363.80. Following the completion of the transaction, the insider now owns 25 shares in the company, valued at approximately C$4,427.24. This trade represents a 98.40 % decrease in their position. Over the last ninety days, insiders sold 42,762 shares of company stock worth $7,379,177.

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.

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