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Royal Bank of Canada (RY) Stock Forecast & Price Target

Royal Bank of Canada logo
$120.72 +1.00 (+0.84%)
(As of 12/20/2024 05:31 PM ET)

Royal Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
1
Buy
6

Based on 7 Wall Street analysts who have issued ratings for Royal Bank of Canada in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 1 has given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for RY.

Consensus Price Target

$156.50
29.64% Upside
According to the 7 analysts' twelve-month price targets for Royal Bank of Canada, the average price target is $156.50. The highest price target for RY is $193.00, while the lowest price target for RY is $120.00. The average price target represents a forecasted upside of 29.64% from the current price of $120.72.
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RY Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$156.50$142.50$142.50$131.50
Forecasted Upside29.64% Upside13.98% Upside15.70% Upside30.48% Upside
Consensus Rating
Buy
Buy
Buy
Hold

RY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Royal Bank of Canada Stock vs. The Competition

TypeRoyal Bank of CanadaFinance CompaniesS&P 500
Consensus Rating Score
3.00
2.50
2.51
Consensus RatingBuyHoldModerate Buy
Predicted Upside29.64% Upside18.66% Upside14.54% Upside
News Sentiment Rating
Positive News

See Recent RY News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/5/2024BMO Capital Markets
4 of 5 stars
S. Movahedi
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Lower TargetOutperform ➝ Outperform$195.00 ➝ $193.00+51.59%
11/21/2024Barclays
3 of 5 stars
B. Morton
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UpgradeEqual Weight ➝ Overweight
11/15/2024TD Securities
4 of 5 stars
M. Mendonca
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DowngradeBuy ➝ Hold
7/2/2024UBS Group
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J. Shea
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Initiated CoverageBuy
6/6/2024Argus
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S. Biggar
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Boost TargetBuy ➝ Buy$115.00 ➝ $120.00+12.09%
5/17/2024Scotiabank
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M. Grauman
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UpgradeHold ➝ Strong-Buy
5/13/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy
12/18/2023Bank of America
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 UpgradeNeutral ➝ Buy
8/25/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$138.00 ➝ $139.00+56.43%
5/16/2023CIBC
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 DowngradeSector Outperform ➝ Neutral
2/7/2023Desjardins
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 Boost TargetC$145.00 ➝ C$147.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:32 AM ET.


Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

Royal Bank of Canada
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

  • Royal Bank of Canada reported a strong earnings per share (EPS) of $2.38 for the latest quarter, exceeding analysts' expectations of $2.15, indicating robust financial performance.
  • The company achieved a revenue of $10.68 billion, surpassing the forecast of $10.40 billion, showcasing its ability to generate higher sales than anticipated.
  • With a return on equity (ROE) of 15.17%, Royal Bank of Canada demonstrates effective management in generating profits from shareholders' equity, which is a positive indicator for investors.
  • The stock is currently trading around $126.96, close to its 52-week high, suggesting strong market confidence and potential for further appreciation.
  • Analysts have a generally positive outlook, with several upgrades in ratings and a consensus average rating of "Moderate Buy," indicating favorable sentiment towards the stock.

Royal Bank of Canada
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

  • The stock has a relatively high price-to-earnings (P/E) ratio of 15.20, which may suggest that it is overvalued compared to its earnings, potentially limiting future price appreciation.
  • Royal Bank of Canada has a current ratio of 0.87, indicating that its current liabilities exceed its current assets, which could raise concerns about short-term liquidity.
  • Despite recent upgrades, one investment analyst has rated the stock with a sell rating, highlighting some skepticism in the market regarding its future performance.
  • The company has a beta of 0.86, suggesting it is less volatile than the market, which may limit potential gains during bullish market conditions.
  • TD Securities recently downgraded the stock from a "buy" to a "hold" rating, indicating a cautious approach towards its future growth prospects.

RY Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Royal Bank of Canada is $156.50, with a high forecast of $193.00 and a low forecast of $120.00.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There is currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RY shares.

According to analysts, Royal Bank of Canada's stock has a predicted upside of 29.64% based on their 12-month stock forecasts.

Over the previous 90 days, Royal Bank of Canada's stock had 1 upgrade and 1 downgrade by analysts.

Royal Bank of Canada has been rated by research analysts at Barclays, BMO Capital Markets, and TD Securities in the past 90 days.

Royal Bank of Canada also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.

Analysts like Royal Bank of Canada more than other "finance" companies. The consensus rating for Royal Bank of Canada is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how RY compares to other companies.


This page (NYSE:RY) was last updated on 12/22/2024 by MarketBeat.com Staff
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