National Bankshares Issues Pessimistic Forecast for Royal Bank of Canada (TSE:RY) Stock Price

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective decreased by equities research analysts at National Bankshares from C$190.00 to C$179.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price target suggests a potential upside of 14.83% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. TD Securities dropped their target price on Royal Bank of Canada from C$180.00 to C$178.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Scotiabank dropped their price target on Royal Bank of Canada from C$197.00 to C$191.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. CIBC raised shares of Royal Bank of Canada from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$167.00 to C$168.00 in a research note on Friday. Jefferies Financial Group dropped their target price on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research report on Tuesday, February 18th. Finally, Cormark reduced their price target on shares of Royal Bank of Canada from C$194.00 to C$189.00 in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$181.00.

Royal Bank of Canada Trading Down 1.2 %

RY traded down C$1.94 during trading hours on Monday, hitting C$155.88. The company’s stock had a trading volume of 2,116,739 shares, compared to its average volume of 4,251,012. The company has a 50-day simple moving average of C$167.08 and a 200 day simple moving average of C$170.45. The firm has a market capitalization of C$220.57 billion, a PE ratio of 13.58, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$131.57 and a fifty-two week high of C$180.45.

Insider Buying and Selling at Royal Bank of Canada

In other news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$169.67, for a total transaction of C$52,257.10. 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. Over the last ninety days, insiders have sold 61,836 shares of company stock valued at $10,443,690.

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.