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

Royal Bank of Canada logo
C$173.53 +0.08 (+0.05%)
(As of 12/24/2024 01:21 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
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
1.76% 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 1.76% from the current price of C$173.53.
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RY Analyst Ratings Over Time

TypeCurrent Forecast
12/26/23 to 12/25/24
1 Month Ago
11/26/23 to 11/25/24
3 Months Ago
9/27/23 to 9/26/24
1 Year Ago
12/26/22 to 12/26/23
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)
2 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 TargetC$176.58C$175.17C$163.38C$136.15
Forecasted Upside1.76% Upside0.80% Upside-2.62% Downside1.86% 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 CanadaFinancial Services Companies
Consensus Rating Score
3.09
2.65
Consensus RatingBuyModerate Buy
News Sentiment Rating
Neutral News

See Recent RY 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 TargetC$195.00 ➝ C$193.00+7.99%
12/5/2024Canaccord Genuity Group
5 of 5 stars
 Boost TargetC$188.00 ➝ C$191.00+6.87%
12/5/2024National Bankshares
1 of 5 stars
 Boost TargetC$181.00 ➝ C$188.00+5.19%
11/26/2024CIBC
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 Boost TargetC$167.00 ➝ C$176.00+1.31%
11/25/2024Scotiabank
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 Boost TargetC$167.00 ➝ C$197.00+12.80%
11/21/2024Barclays
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B. Morton
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UpgradeHold ➝ Strong-Buy
11/15/2024TD Securities
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M. Mendonca
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DowngradeBuy ➝ HoldC$178.00 ➝ C$180.00+5.65%
8/29/2024Bank of America
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 Boost TargetC$162.00 ➝ C$180.00+11.82%
8/29/2024Cormark
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 Boost TargetC$166.00 ➝ C$171.00+6.22%
8/12/2024Jefferies Financial Group
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 Lower TargetBuyC$168.00 ➝ C$165.00+10.74%
8/6/2024Desjardins
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 Boost TargetBuyC$156.00 ➝ C$163.00+10.97%
7/2/2024UBS Group
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J. Shea
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Set TargetBuyC$165.00+12.77%
6/6/2024Argus
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S. Biggar
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UpgradeStrong-Buy
11/23/2023Keefe, Bruyette & Woods
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 Lower TargetMarket PerformC$127.00 ➝ C$125.00+4.62%
9/12/2023CSFB
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 Set TargetOutperformC$138.00+13.76%
8/25/2023Veritas Investment Research
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 DowngradeBuy ➝ ReduceC$140.00 ➝ C$122.00+1.14%
8/25/2023Morningstar
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 DowngradeBuy ➝ HoldC$129.00 ➝ C$130.00+7.77%
8/25/2023Credit Suisse Group
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 Boost TargetC$138.00 ➝ C$139.00+15.01%
6/6/2023Fundamental Research
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 Set TargetBuyC$134.43+9.04%
5/26/2023National Bank Financial
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 Lower TargetC$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 Wednesday at 01:11 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 Wednesday, December 18, 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:

  • 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

red Wall Street bear icon

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 research 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 research analysts is that investors should "buy" RY shares.

According to analysts, Royal Bank of Canada's stock has a predicted upside of 1.76% 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.


This page (TSE:RY) was last updated on 12/25/2024 by MarketBeat.com Staff
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