PICS (NASDAQ:PICS) Given New $19.00 Price Target at Royal Bank Of Canada

PICS (NASDAQ:PICS) had its price target decreased by analysts at Royal Bank Of Canada from $20.00 to $19.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 72.02% from the company’s previous close.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered PICS from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup began coverage on PICS in a research report on Monday, February 23rd. They issued a “buy” rating and a $28.00 price objective for the company. Wells Fargo & Company set a $27.00 price objective on PICS in a research note on Tuesday, February 24th. HSBC began coverage on shares of PICS in a report on Thursday, February 19th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Mizuho lowered their price target on shares of PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $24.17.

PICS Stock Up 2.9%

Shares of NASDAQ:PICS traded up $0.32 on Monday, reaching $11.05. 52,817 shares of the company traded hands, compared to its average volume of 848,116. PICS has a 52 week low of $9.88 and a 52 week high of $19.95.

Insider Buying and Selling

In other PICS news, Director William Rodney Pruett acquired 100,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average price of $11.80 per share, for a total transaction of $1,180,000.00. Following the acquisition, the director owned 100,000 shares in the company, valued at $1,180,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.