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.
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.
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 |
When did it IPO
1995
Staff Count
96,165
Country
Canada
Sector/Industry
Financial Services/BanksโDiversified
CEO
Mr. David I. McKay
Market Cap
$175.49B
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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 Canadaโs participation in a financial summit indicates potential insights into its performance and strategy, influencing market sentiment and stock valuation.