Jefferies Raises Royal Bank of Canada Price Target to C$271.00 Amid Analyst Divisions

Jefferies Financial Group has raised its price target for Royal Bank of Canada (TSE:RY) to C$271.00, representing a potential downside of 7.15% from the stock's previous close.

This is not the only change in the bank's price objective recently - various analysts have been revising their targets, with some increasing and others decreasing them. For instance, Canaccord Genuity Group upped its target to C$318.00, while TD decreased theirs to C$306.00.

Despite these fluctuations, the consensus rating among analysts remains 'Moderate Buy' with an average price target of C$292.86. Insider activity has also been notable, with several executives selling shares in recent months, including Bruce Washington Ross who sold 45,670 shares on June 30th.