Royal Bank Of Canada Ups Price Target on Williams Companies to $87.00

Royal Bank Of Canada has increased its price target for Williams Companies (NYSE:WMB) from $83.00 to $87.00 in a research note issued on Monday, according to MarketBeat.

The brokerage presently has an 'outperform' rating on the pipeline company's stock and its price target would indicate a potential upside of 22.01% from the stock's current price of $71.31.

This is not the only recent development for Williams Companies, as other analysts have also issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of Williams Companies from $89.00 to $90.00 and gave the company an 'overweight' rating in a research report on Wednesday, August 5th.

Williams Companies has a market capitalization of $87.22 billion, a PE ratio of 28.38, a PEG ratio of 1.76, and a beta of 0.59. The company's 50 day moving average is $73.10 and its two-hundred day moving average is $72.62.