Royal Bank of Canada (TSE:RY) Price Target Raised to C$188.00 at National Bankshares

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective upped by analysts at National Bankshares from C$181.00 to C$188.00 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 5.46% from the stock’s previous close.

Other research analysts have also issued reports about the company. Scotiabank raised their price target on Royal Bank of Canada from C$167.00 to C$197.00 in a research report on Monday, November 25th. Barclays upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. CIBC raised their price target on Royal Bank of Canada from C$167.00 to C$176.00 in a research report on Tuesday, November 26th. Cormark raised their price target on Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. Finally, Jefferies Financial Group reduced their target price on Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Royal Bank of Canada has a consensus rating of “Buy” and a consensus price target of C$176.58.

Royal Bank of Canada Stock Down 0.7 %

TSE:RY opened at C$178.27 on Thursday. Royal Bank of Canada has a 12-month low of C$123.44 and a 12-month high of C$180.45. The firm has a market capitalization of C$251.36 billion, a P/E ratio of 15.79, a P/E/G ratio of 3.42 and a beta of 0.84. The stock’s fifty day simple moving average is C$171.64 and its 200-day simple moving average is C$158.94.

Insider Activity

In other news, Senior Officer Douglas Antony Guzman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$167.91, for a total value of C$1,679,100.00. Following the sale, the insider now directly owns 25 shares in the company, valued at C$4,197.75. The trade was a 99.75 % decrease in their ownership of the stock. Insiders have sold a total of 44,918 shares of company stock worth $7,518,149 over the last three months.

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.