UBS Group Has Lowered Expectations for Royal Bank of Canada (TSE:RY) Stock Price

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target cut by UBS Group from C$200.00 to C$192.00 in a report released on Friday,BayStreet.CA reports. UBS Group’s price objective would indicate a potential upside of 13.83% from the company’s previous close.

A number of other analysts have also weighed in on the company. BMO Capital Markets reduced their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating and increased their target price for the stock from C$178.00 to C$180.00 in a research note on Friday, November 15th. National Bankshares increased their target price on Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Canaccord Genuity Group increased their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. Finally, Barclays upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Royal Bank of Canada presently has an average rating of “Buy” and an average target price of C$178.83.

Royal Bank of Canada Stock Down 0.4 %

Shares of RY opened at C$168.67 on Friday. The business has a fifty day moving average of C$173.75 and a 200 day moving average of C$168.36. Royal Bank of Canada has a 52-week low of C$130.44 and a 52-week high of C$180.45. The company has a market cap of C$238.67 billion, a PE ratio of 14.70, a P/E/G ratio of 3.42 and a beta of 0.84.

Insider Activity at Royal Bank of Canada

In related news, Senior Officer Douglas Antony Guzman sold 1,538 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 25 shares of the company’s stock, valued at C$4,427.24. This trade represents a 98.40 % decrease in their ownership of the stock. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$53,938.25. Insiders have sold a total of 22,150 shares of company stock valued at $3,882,024 over the last quarter.

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.