Royal Bank of Canada (TSE:RY) PT Set at C$194.00 by Canaccord Genuity Group

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY received a C$194.00 price target from equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Canaccord Genuity Group's price objective points to a potential upside of 10.40% from the stock's previous close.

A number of other analysts have also recently commented on RY. Jefferies Financial Group cut their price target on shares of Royal Bank of Canada from C$195.00 to C$180.00 in a research report on Monday, April 21st. Cormark lowered their price objective on shares of Royal Bank of Canada from C$194.00 to C$189.00 in a research note on Friday, February 28th. National Bank Financial lowered shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 29th. TD Securities reduced their price target on shares of Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating for the company in a report on Friday, February 28th. Finally, UBS Group reduced their price target on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$184.54.

Royal Bank of Canada Price Performance

Shares of RY traded down C$0.41 during trading hours on Tuesday, hitting C$175.72. 2,880,436 shares of the stock were exchanged, compared to its average volume of 4,541,669. The firm has a market capitalization of C$248.64 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The business has a 50-day moving average of C$171.21 and a 200-day moving average of C$169.56. Royal Bank of Canada has a fifty-two week low of C$143.90 and a fifty-two week high of C$180.45.

Insider Transactions at Royal Bank of Canada

In related news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$175.47, for a total transaction of C$54,044.58. Also, Director David Ian Mckay sold 20,304 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of C$160.27, for a total transaction of C$3,254,042.89. Insiders sold a total of 62,731 shares of company stock valued at $10,663,017 over the last three months.

About Royal Bank of Canada

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.