Jefferies Raises Price Target on Royal Bank of Canada to C$268.00

Jefferies Financial Group has raised its price target for Royal Bank of Canada (TSE:RY) to C$268.00, a C$28.00 increase from their previous estimate.

This new target suggests a potential downside of 10.43% from the stock's current price, which is currently trading at C$299.20 per share.

Other brokerages have also issued reports on RY, including Scotiabank, Barclays, National Bank Financial, Canaccord Genuity Group, and Desjardins, who have all raised their price targets for the company in recent months.