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

C$173.40 +1.09 (+0.63%)

(As of 12/20/2024 05:17 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

Buy

Based on 11 Analyst Ratings

Sell
0

Hold
2

Buy
9

Based on 11 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 11 analysts, 2 have given a hold rating, 6 have given a buy rating, and 3 have given a strong buy rating for RY.

Consensus Price Target

C$176.58
1.84% Upside

According to the 11 analysts' twelve-month price targets for Royal Bank of Canada, the average price target is C$176.58. The highest price target for RY is C$197.00, while the lowest price target for RY is C$150.00. The average price target represents a forecasted upside of 1.84% from the current price of C$173.40.

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RY Analyst Ratings Over Time

Type	Current 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	3 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	C$176.58	C$168.00	C$163.38	C$136.15
Forecasted Upside	1.84% Upside	-3.84% Downside	-1.79% Downside	1.86% Upside
Consensus Rating	Buy	Buy	Buy	Hold

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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.

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.

Royal Bank of Canada Stock vs. The Competition

Type	Royal Bank of Canada	Financial Services Companies
Consensus Rating Score	3.09	2.65
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent RY News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/5/2024	BMO Capital Markets 4 of 5 stars	S. Movahedi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$195.00 ➝ C$193.00	+7.99%
12/5/2024	Canaccord Genuity Group 5 of 5 stars		Boost Target		C$188.00 ➝ C$191.00	+6.87%
12/5/2024	National Bankshares 1 of 5 stars		Boost Target		C$181.00 ➝ C$188.00	+5.19%
11/26/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$167.00 ➝ C$176.00	+1.31%
11/25/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$167.00 ➝ C$197.00	+12.80%
11/21/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
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11/15/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$178.00 ➝ C$180.00	+5.65%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$162.00 ➝ C$180.00	+11.82%
8/29/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$166.00 ➝ C$171.00	+6.22%
8/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$168.00 ➝ C$165.00	+10.74%
8/6/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$156.00 ➝ C$163.00	+10.97%
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	C$165.00	+12.77%
6/6/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Biggar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	C$127.00 ➝ C$125.00	+4.62%
9/12/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$138.00	+13.76%
8/25/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Reduce	C$140.00 ➝ C$122.00	+1.14%
8/25/2023	Morningstar Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	C$129.00 ➝ C$130.00	+7.77%
8/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$138.00 ➝ C$139.00	+15.01%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$134.43	+9.04%
5/26/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$142.00 ➝ C$136.00	+10.47%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:56 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

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

The recent increase in the price target by Canaccord Genuity Group to C$188.00 suggests a potential upside of 9.86% from the current stock price of C$171.13, indicating positive market sentiment.
Royal Bank of Canada reported strong earnings of C$3.26 per share, surpassing the consensus estimate of C$2.95, which reflects robust financial performance and effective management.
The company has a solid dividend yield of 3.23%, with an annualized dividend of $5.68, making it an attractive option for income-focused investors.
With a return on equity of 13.68% and a net margin of 28.67%, Royal Bank of Canada demonstrates efficient use of equity and strong profitability, which are key indicators of financial health.
Analysts have generally rated the stock positively, with a consensus rating of "Moderate Buy," indicating confidence in the company's future performance.

Royal Bank of Canada
Bear Case

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

Insider selling has been notable, with significant shares sold recently, which may raise concerns about the confidence of current management in the company's future prospects.
The stock has experienced fluctuations, with a fifty-two week high of C$175.04 and a low of C$115.57, indicating potential volatility that could affect investor returns.
Despite positive earnings, the price-to-earnings (P/E) ratio of 15.15 may suggest that the stock is relatively expensive compared to its earnings, which could deter value investors.
Recent target price adjustments by various analysts show mixed sentiments, with some lowering their expectations, which could indicate uncertainty in the market.
The company's beta of 0.84 suggests lower volatility compared to the market, but it also means that it may not capitalize on market upswings as effectively as higher beta stocks.

RY Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Royal Bank of Canada is C$176.58, with a high forecast of C$197.00 and a low forecast of C$150.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 2 hold ratings, 6 buy ratings and 3 strong buy ratings 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 1.84% 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, Canaccord Genuity Group, CIBC, National Bankshares, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Royal Bank of Canada more than other "financial services" companies. The consensus rating for Royal Bank of Canada is Buy while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how RY compares to other companies.

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

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