Royal Bank of Canada

Royal Bank of Canada Stock Forecast & Price Prediction

Live Royal Bank of Canada Stock (RY) Price
$124.04

5

Ratings

  • Buy 3
  • Hold 1
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$124.04

P/E Ratio

15.28

Volume Traded Today

$503,365

Dividend

$1.033

52 Week High/low

126.96/85.02

Royal Bank of Canada Market Cap

$175.49B

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RY Summary

Based on ratings from 5 stock analysts, the Royal Bank of Canada stock price is expected to decrease by 34.1% in 12 months. This is calculated by using the average 12-month stock price forecast for Royal Bank of Canada. The lowest target is $55.97779 and the highest is $96.24452. Please note analyst price targets are not guaranteed and could be missed completely.

RY Analyst Ratings

About 5 Wall Street analysts have assigned RY 3 buy ratings, 1 hold ratings, and 1 sell ratings. This means that analysts expect Royal Bank of Canada to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on RY. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

RY stock forecast by analyst

These are the latest 20 analyst ratings of RY.

Analyst/Firm

Rating

Price Target

Change

Date

Sohrab Movahedi
BMO Capital

Outperform

$165

Maintains

Aug 29, 2024
Stephen Biggar
Argus Research

Buy

$120

Maintains

Jun 6, 2024
Sohrab Movahedi
BMO Capital

Outperform

$150

Upgrade

Apr 5, 2024

B of A Securities

Buy


Upgrade

Dec 18, 2023
John Aiken
Barclays

Underweight

$126

Maintains

Aug 25, 2023
Han Joon Kim
Credit Suisse

Outperform

$139

Maintains

Aug 25, 2023
John Aiken
Barclays

Underweight

$124

Maintains

Aug 21, 2023

Truist Securities

Hold


Reiterates

Jun 28, 2023

Truist Securities

Hold


Initiates

May 16, 2023

RBC Capital

Sector Perform


Maintains

May 5, 2023

Citigroup

Neutral


Maintains

Apr 6, 2023
Stephen Biggar
Argus Research

Buy

$125

Maintains

Jun 6, 2022

RBC Capital

Sector Perform


Maintains

Nov 5, 2021

BMO Capital

Market Perform


Maintains

May 10, 2021

B of A Securities

Neutral


Downgrade

Mar 2, 2021

Argus Research

Buy

$100

Maintains

Mar 1, 2021

Raymond James

Market Perform


Downgrade

Dec 15, 2020

Raymond James

Outperform


Maintains

Sep 8, 2020

Citigroup

Neutral


Downgrade

Aug 10, 2020

B of A Securities

Buy

$98

Maintains

May 13, 2020

RY Company Information

What They Do: Provides diversified financial services globally.

Business Model: The company generates revenue through multiple segments, including Personal & Commercial Banking, Wealth Management, Insurance, and Capital Markets. Each segment offers a variety of financial products and services, such as banking accounts, investment solutions, insurance products, and advisory services, catering to individual clients, businesses, and institutional investors.

Other Information: Founded in 1864 and headquartered in Toronto, Canada, the company utilizes a multi-channel distribution strategy, including branches, digital platforms, and mobile advisors, to reach its diverse clientele. Its strong market presence and comprehensive offerings position it well for sustained growth in the competitive financial services landscape.
RY
Royal Bank of Canada (RY)

When did it IPO

1995

Staff Count

96,165

Country

Canada

Sector/Industry

Financial Services/Banksโ€”Diversified

CEO

Mr. David I. McKay

Market Cap

$175.49B

Royal Bank of Canada (RY) Financial Data

In 2023, RY generated $56.26B in revenue, which was a increase of 15.34% from the previous year. This can be seen as a signal that RY's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$47.10B

Revenue From 2021

$49.54B

5.17 %
From Previous Year

Revenue From 2022

$48.78B

-1.54 %
From Previous Year

Revenue From 2023

$56.26B

15.34 %
From Previous Year
  • Revenue TTM $40.53B
  • Operating Margin TTM 41.5%
  • Gross profit TTM $0
  • Return on assets TTM 0.8%
  • Return on equity TTM 13.7%
  • Profit Margin 28.7%
  • Book Value Per Share 81.28%
  • Market capitalisation $175.49B
  • Revenue for 2021 $49.54B
  • Revenue for 2022 $48.78B
  • Revenue for 2023 $56.26B
  • EPS this year (TTM) $8.11

Royal Bank of Canada (RY) Latest News

News Image

Mon, 04 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Investors are comparing the Bank of Nova Scotia (BNS) and Royal Bank (RY) for potential value opportunities in the Banks - Foreign sector.

Why It Matters - The comparison between Bank of Nova Scotia and Royal Bank highlights potential investment opportunities, influencing stock selection based on value attractiveness in the banking sector.

News Image

Mon, 14 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Royal Bank (RY) has been upgraded to Zacks Rank #2 (Buy), indicating improved earnings prospects, which may lead to a potential increase in the stock price.

Why It Matters - The upgrade to Zacks Rank #2 indicates strong earnings potential for Royal Bank, likely boosting investor confidence and driving the stock price up.

News Image

Tue, 24 Sep 2024

Sentiment - NEGATIVE

Source - Reuters

Summary - Royal Bank of Canada employees from the HSBC Canada acquisition are concerned about potential job losses as a six-month job security guarantee nears expiration this month.

Why It Matters - Concerns over potential job losses at Royal Bank of Canada could indicate instability post-acquisition, impacting employee morale and overall operational efficiency, which may affect stock performance.

News Image

Thu, 12 Sep 2024

Sentiment - POSITIVE

Source - Reuters

Summary - Royal Bank of Canada appointed Katherine Gibson as the permanent finance chief, effective immediately.

Why It Matters - Katherine Gibson's permanent appointment as CFO may signal stability in financial leadership, potentially influencing investor confidence and stock performance for Royal Bank of Canada.

News Image

Wed, 11 Sep 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Royal Bank of Canada will participate in the Barclays 22nd Annual Global Financial Services Conference on September 11, 2024, at 11:15 AM ET, featuring CFO Katherine Gibson.

Why It Matters - The Royal Bank of Canada's participation in a major financial services conference signals potential insights into its performance and strategy, influencing investor sentiment and stock valuation.

News Image

Wed, 04 Sep 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Royal Bank of Canada CEO Dave McKay will participate in the Annual Scotiabank Financials Summit on September 4, 2024, at 9:35 AM ET.

Why It Matters - The Royal Bank of Canadaโ€™s participation in a financial summit indicates potential insights into its performance and strategy, influencing market sentiment and stock valuation.

...

RY Frequently asked questions

The highest forecasted price for RY is $96.24452 from at .

The lowest forecasted price for RY is $55.97779 from from

The RY analyst ratings consensus are 3 buy ratings, 1 hold ratings, and 1 sell ratings.