Royal Bank Of Canada Cuts PICS (NASDAQ:PICS) Price Target to $19.00

PICS (NASDAQ:PICS) had its price target cut by Royal Bank Of Canada from $20.00 to $19.00 in a research note released on Monday, Marketbeat.com reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on PICS. Mizuho dropped their price objective on PICS from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Citigroup started coverage on PICS in a report on Monday, February 23rd. They set a “buy” rating and a $28.00 price objective for the company. HSBC started coverage on PICS in a report on Thursday, February 19th. They set a “buy” rating and a $21.00 price objective for the company. Zacks Research upgraded PICS to a “hold” rating in a report on Wednesday, February 25th. Finally, Bank of America started coverage on PICS in a report on Tuesday, February 24th. They set a “buy” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, PICS has a consensus rating of “Buy” and an average target price of $24.17.

PICS Price Performance

Shares of PICS opened at $11.90 on Monday. The company has a fifty day simple moving average of $13.70. PICS has a fifty-two week low of $9.88 and a fifty-two week high of $19.95.

Insider Activity at PICS

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