Royal Bank of Canada Stock Recommendations and Price Targets

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Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.
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This is a list of recent ratings by Royal Bank of Canada.

DateCompany NameActionCurrent
Price
Price
Target
RatingImpact on
Share Price
5/17/2024
HNNMY
H & M Hennes & Mauritz AB (publ)
Upgrade$3.00Sector Perform ➝ OutperformLow
5/17/2024
IDEXY
Industria de Diseño Textil
Downgrade$24.00Outperform ➝ Sector PerformLow
5/17/2024
MSFT
Microsoft
Boost Price Target$420.00$450.00 ➝ $500.00Outperform ➝ OutperformLow
5/17/2024
NICE
NICE
Lower Price Target$194.00$285.00 ➝ $265.00Outperform ➝ OutperformLow
5/17/2024
WMT
Walmart
Boost Price Target$65.00$62.00 ➝ $70.00Outperform ➝ OutperformLow
5/17/2024
DXC
DXC Technology
Lower Price Target$17.00$24.00 ➝ $18.00Sector Perform ➝ Sector PerformLow
5/17/2024
OBDC
Blue Owl Capital
Boost Price Target$16.00$16.00 ➝ $17.00Outperform ➝ OutperformLow
5/17/2024
APR.UN
Automotive Properties Real Est Invt TR
Lower Price TargetC$10.00C$12.00 ➝ C$11.50Sector PerformN/A
5/17/2024
CHE.UN
Chemtrade Logistics Income Fund
Boost Price TargetC$9.00C$11.00 ➝ C$12.00OutperformN/A
5/17/2024
SIA
Sienna Senior Living
Boost Price TargetC$15.00C$14.00 ➝ C$16.00Sector PerformN/A
5/16/2024
JACK
Jack in the Box
Reiterated Rating$53.00 $75.00OutperformLow
5/16/2024
TRGP
Targa Resources
Boost Price Target$118.00$123.00 ➝ $128.00Outperform ➝ OutperformLow
5/16/2024
BYD
Boyd Gaming
Lower Price Target$55.00$337.00 ➝ $308.00Outperform ➝ OutperformLow
5/16/2024
DT
Dynatrace
Lower Price Target$48.00$66.00 ➝ $60.00Outperform ➝ OutperformLow
5/16/2024
JNJ
Johnson & Johnson
Reiterated Rating$155.00 $175.00Outperform ➝ OutperformLow
5/16/2024
USB
U.S. Bancorp
Reiterated Rating$41.00 $47.00Outperform ➝ OutperformLow
5/16/2024
IBM
International Business Machines
Reiterated Rating$169.00 $200.00Outperform ➝ OutperformLow
5/16/2024
BYD
Boyd Group Services
Lower Price TargetC$234.00C$337.00 ➝ C$308.00OutperformN/A
5/16/2024
CGY
Calian Group
Boost Price TargetC$58.00C$72.00 ➝ C$75.00OutperformN/A
5/16/2024
CSH.UN
Chartwell Retirement Residences
Boost Price TargetC$13.00C$14.00 ➝ C$15.00OutperformN/A
5/16/2024
NXR.UN
Nexus Industrial REIT
Lower Price TargetC$7.00C$8.50 ➝ C$8.00Sector PerformN/A
5/15/2024
WISE
Wise
Reiterated RatingGBX 793SellN/A
5/15/2024
MNG
M&G
Lower Price TargetGBX 206GBX 220 ➝ GBX 215Sector performN/A
5/15/2024
GRG
Greggs
Reiterated RatingGBX 2,830 GBX 3,335OverweightN/A
5/15/2024
DCC
DCC
Boost Price TargetGBX 5,925GBX 5,700 ➝ GBX 5,800Sector performN/A
5/15/2024
MKS
Marks and Spencer Group
Reiterated RatingGBX 277 GBX 315OverweightN/A
5/15/2024
HBM
Hudbay Minerals
Boost Price TargetC$14.00C$11.00 ➝ C$17.00OutperformN/A
5/15/2024
KEY
Keyera
Boost Price TargetC$37.00C$38.00 ➝ C$41.00OutperformN/A
5/15/2024
SRU.UN
SmartCentres Real Estate Investment Trst
Lower Price TargetC$23.00C$28.00 ➝ C$27.00OutperformN/A
5/15/2024
COP
ConocoPhillips
Boost Price Target$122.00$135.00 ➝ $140.00Outperform ➝ OutperformLow
5/15/2024
PACS
PACS Group
Boost Price Target$28.00$30.00 ➝ $32.00Outperform ➝ OutperformLow
5/14/2024
CX
CEMEX
Initiated Coverage$8.00 $9.00UnderperformLow
5/14/2024
CRH
CRH
Initiated Coverage$82.00 $110.00OutperformLow
5/14/2024
CATX
Perspective Therapeutics
Initiated Coverage$2.00 $3.00OutperformN/A
5/14/2024
MPW
Medical Properties Trust
Reiterated Rating$5.00 $5.00Outperform ➝ Sector PerformLow
5/14/2024
LEGN
Legend Biotech
Boost Price Target$45.00$85.00 ➝ $86.00Outperform ➝ OutperformLow
5/14/2024
PSFE
Paysafe
Boost Price Target$18.00$16.00 ➝ $20.00Sector Perform ➝ Sector PerformLow
5/14/2024
PAA
Plains All American Pipeline
Boost Price Target$17.00$17.00 ➝ $18.00Sector Perform ➝ Sector PerformLow
5/14/2024
VCTR
Victory Capital
Boost Price Target$52.00$47.00 ➝ $56.00Outperform ➝ OutperformLow
5/14/2024
CJT
Cargojet
Lower Price TargetC$119.00C$184.00 ➝ C$182.00OutperformN/A
5/14/2024
PBH
Premium Brands
Boost Price TargetC$92.00C$99.00 ➝ C$101.00Sector PerformN/A
5/13/2024
CRBP
Corbus Pharmaceuticals
Initiated Coverage$45.00 $77.00OutperformLow
5/13/2024
CE
Celanese
Boost Price Target$157.00$171.00 ➝ $176.00Outperform ➝ OutperformLow
5/13/2024
SLVM
Sylvamo
Boost Price Target$70.00$56.00 ➝ $63.00Sector Perform ➝ Sector PerformLow
5/13/2024
BTE
Baytex Energy
Lower Price TargetC$5.00C$7.00 ➝ C$6.50OutperformN/A
5/13/2024
CIX
CI Financial
Lower Price TargetC$14.00C$20.00 ➝ C$18.00Sector PerformN/A
5/13/2024
IFP
Interfor
Lower Price TargetC$18.00C$28.00 ➝ C$27.00OutperformN/A
5/13/2024
ONEX
Onex
Lower Price TargetC$96.00C$119.00 ➝ C$115.00Sector PerformN/A
5/13/2024
SLF
Sun Life Financial
Lower Price TargetC$70.00C$77.00 ➝ C$76.00OutperformN/A
5/13/2024
AFC
AFC Energy
Reiterated RatingGBX 20 GBX 4,000OutperformN/A
5/13/2024
IAG
International Consolidated Airlines Group
Boost Price TargetGBX 178GBX 220 ➝ GBX 230OutperformN/A
5/13/2024
AAL
Anglo American
Boost Price TargetGBX 2,678GBX 2,300 ➝ GBX 3,100OutperformN/A
5/10/2024
PLNT
Planet Fitness
Lower Price Target$63.00$80.00 ➝ $77.00Outperform ➝ OutperformLow
5/10/2024
SM
SM Energy
Boost Price Target$49.00$50.00 ➝ $54.00Sector Perform ➝ Sector PerformLow
5/10/2024
SPB
Spectrum Brands
Boost Price Target$92.00$100.00 ➝ $114.00Outperform ➝ OutperformLow
5/10/2024
SG
Sweetgreen
Boost Price Target$32.00$20.00 ➝ $35.00Outperform ➝ OutperformLow
5/10/2024
IBP
Installed Building Products
Boost Price Target$212.00$216.00 ➝ $220.00Sector Perform ➝ Sector PerformLow
5/10/2024
AKAM
Akamai Technologies
Lower Price Target$95.00$115.00 ➝ $92.00Sector Perform ➝ Sector PerformLow
5/10/2024
CARG
CarGurus
Boost Price Target$24.00$26.00 ➝ $27.00Outperform ➝ OutperformLow
5/10/2024
FMC
FMC
Boost Price Target$64.00$65.00 ➝ $81.00Outperform ➝ OutperformLow
5/10/2024
ADN
Acadian Timber
Boost Price TargetC$18.00C$18.00 ➝ C$20.00N/A
5/10/2024
CTC.A
Canadian Tire
Lower Price TargetC$144.00C$195.00 ➝ C$190.00N/A
5/10/2024
CAR.UN
Canadian Apartment Properties REIT
Lower Price TargetC$45.00C$60.00 ➝ C$58.00N/A
5/10/2024
CAS
Cascades
Boost Price TargetC$10.00C$11.00 ➝ C$12.00N/A
5/10/2024
CCL.B
CCL Industries
Boost Price TargetC$72.00C$81.00 ➝ C$83.00N/A
5/10/2024
CPLF
Copperleaf Technologies
Boost Price TargetC$9.00C$8.00 ➝ C$10.00N/A
5/10/2024
DFY
Definity Financial
Boost Price TargetC$45.00C$50.00 ➝ C$51.00N/A
5/10/2024
IAG
iA Financial
Boost Price TargetC$92.00C$101.00 ➝ C$102.00N/A
5/10/2024
JWEL
Jamieson Wellness
Boost Price TargetC$26.00C$31.00 ➝ C$32.00N/A
5/10/2024
SII
Sprott
Boost Price TargetC$63.00C$59.00 ➝ C$61.00N/A
5/10/2024
STN
Stantec
Boost Price TargetC$109.00C$123.00 ➝ C$125.00N/A
5/10/2024
TWM
Tidewater Midstream and Infrastructure
DowngradeC$1.00C$1.00 ➝ C$0.80Outperform ➝ Sector PerformN/A
5/10/2024
WSP
WSP Global
Boost Price TargetC$208.00C$237.00 ➝ C$245.00N/A
5/9/2024
AFRM
Affirm
Lower Price Target$34.00$50.00 ➝ $43.00Sector Perform ➝ Sector PerformLow
5/9/2024
LPX
Louisiana-Pacific
Boost Price Target$90.00$88.00 ➝ $105.00Outperform ➝ OutperformLow
5/9/2024
MTCH
Match Group
Lower Price Target$31.00$43.00 ➝ $33.00Outperform ➝ OutperformLow
5/9/2024
QDEL
QuidelOrtho
Lower Price Target$43.00$81.00 ➝ $68.00Outperform ➝ OutperformLow
5/9/2024
SBAC
SBA Communications
Lower Price Target$199.00$250.00 ➝ $235.00Outperform ➝ OutperformLow
5/9/2024
SHOP
Shopify
Lower Price Target$59.00$100.00 ➝ $85.00Outperform ➝ OutperformLow
5/9/2024
CPAY
Corpay
Boost Price Target$280.00$302.00 ➝ $310.00Sector Perform ➝ Sector PerformLow
5/9/2024
DVN
Devon Energy
Boost Price Target$50.00$55.00 ➝ $57.00Sector Perform ➝ Sector PerformLow
5/9/2024
JAMF
Jamf
Boost Price Target$18.00$21.00 ➝ $23.00Outperform ➝ OutperformLow
5/9/2024
SEDG
SolarEdge Technologies
Lower Price Target$48.00$74.00 ➝ $71.00Sector Perform ➝ Sector PerformLow
5/9/2024
PNTG
The Pennant Group
Boost Price Target$23.00$21.00 ➝ $26.00Outperform ➝ OutperformLow
5/9/2024
TTD
Trade Desk
Boost Price Target$95.00$105.00 ➝ $110.00Outperform ➝ OutperformLow
5/9/2024
UBER
Uber Technologies
Lower Price Target$66.00$85.00 ➝ $80.00Outperform ➝ OutperformLow
5/9/2024
BEI.UN
Boardwalk REIT
Boost Price TargetC$73.00C$86.00 ➝ C$88.00N/A
5/9/2024
KMP.UN
Killam Apartment REIT
Boost Price TargetC$18.00C$23.50 ➝ C$24.00N/A
5/9/2024
POW
Power Co. of Canada
Boost Price TargetC$39.00C$45.00 ➝ C$46.00N/A
5/9/2024
SU
Suncor Energy
Boost Price TargetC$55.00C$58.00 ➝ C$60.00N/A
5/8/2024
CFW
Calfrac Well Services
Lower Price TargetC$4.00C$5.50 ➝ C$4.50Sector PerformN/A
5/8/2024
FTT
Finning International
Boost Price TargetC$44.00C$45.00 ➝ C$49.00OutperformN/A
5/8/2024
GSY
goeasy
Boost Price TargetC$176.00C$201.00 ➝ C$225.00OutperformN/A
5/8/2024
IFC
Intact Financial
Boost Price TargetC$230.00C$226.00 ➝ C$243.00Sector PerformN/A
5/8/2024
RPD
Rapid7
Lower Price Target$38.00$70.00 ➝ $57.00Outperform ➝ OutperformLow
5/8/2024
SAFE
Safehold
Lower Price Target$21.00$32.00 ➝ $29.00Outperform ➝ OutperformLow
5/8/2024
SPR
Spirit AeroSystems
Boost Price Target$30.00$33.00 ➝ $35.00Sector Perform ➝ Sector PerformLow
5/8/2024
SQSP
Squarespace
Boost Price Target$44.00$35.00 ➝ $38.00Sector Perform ➝ Sector PerformLow
5/8/2024
VVX
V2X
Boost Price Target$47.00$50.00 ➝ $55.00Outperform ➝ OutperformLow
5/8/2024
TOST
Toast
Boost Price Target$27.00$23.00 ➝ $27.00Sector Perform ➝ Sector PerformLow