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Royal Bank of Canada - RY Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $142.50
  • Forecasted Upside: 14.02%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 6 Buy Ratings
  • 1 Strong Buy Ratings
$124.98 As of 12/3/2024 12:33 PM ET
▼ -0.14 (-0.11%)

This chart shows the closing price for RY by one month, three months, or twelve months.

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Analyst Price Target for RY

Analyst Price Target is $142.50
▲ +14.02% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Royal Bank of Canada in the last 3 months. The average price target is $142.50, with a high forecast of $165.00 and a low forecast of $120.00. The average price target represents a 14.02% upside from the last price of $124.98.

This chart shows the closing price for RY for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 8 investment analysts is to buy stock in Royal Bank of Canada. This rating has held steady since August 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
6/12/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
9/10/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
12/9/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
3/8/2024
  • 1 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/6/2024
  • 1 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/4/2024
  • 1 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/3/2024
  • 1 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/3/2024

Latest Recommendations

  • 1 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/21/2024BarclaysUpgradeEqual Weight ➝ Overweight
11/15/2024TD SecuritiesDowngradeBuy ➝ Hold
8/29/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$151.00 ➝ $165.00
7/2/2024UBS GroupInitiated CoverageBuy
6/6/2024ArgusBoost TargetBuy ➝ Buy$115.00 ➝ $120.00
5/31/2024BMO Capital MarketsDowngradeStrong-Buy ➝ Hold
5/17/2024ScotiabankUpgradeHold ➝ Strong-Buy
5/13/2024Jefferies Financial GroupUpgradeHold ➝ Buy
4/5/2024BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$140.00 ➝ $150.00
3/20/2024BarclaysInitiated CoverageEqual Weight
2/22/2024Jefferies Financial GroupInitiated CoverageHold
12/18/2023Bank of AmericaUpgradeNeutral ➝ Buy
8/25/2023Credit Suisse GroupBoost TargetOutperform ➝ Outperform$138.00 ➝ $139.00
8/21/2023BarclaysBoost TargetUnderweight ➝ Underweight$122.00 ➝ $124.00
5/16/2023CIBCDowngradeSector Outperform ➝ Neutral
5/9/2023BarclaysDowngradeOverweight ➝ Underweight
2/7/2023DesjardinsBoost TargetC$145.00 ➝ C$147.00
12/12/2022Bank of AmericaUpgradeUnderperform ➝ Neutral
12/1/2022DesjardinsBoost TargetC$140.00 ➝ C$145.00
12/1/2022National Bank FinancialLower TargetC$148.00 ➝ C$147.00
12/1/2022Canaccord Genuity GroupBoost TargetBuy ➝ BuyC$131.00 ➝ C$136.00
12/1/2022Keefe, Bruyette & WoodsUpgradeUnderperform ➝ Market Perform
9/29/2022BarclaysInitiated CoverageOverweight ➝ Overweight
8/25/2022Credit Suisse GroupLower TargetC$144.00 ➝ C$143.00
8/25/2022DesjardinsLower TargetC$143.00 ➝ C$141.00
8/25/2022National Bank FinancialBoost TargetC$147.00 ➝ C$148.00
8/18/2022Canaccord Genuity GroupLower TargetHold ➝ HoldC$134.00 ➝ C$131.50
8/18/2022ScotiabankLower TargetC$147.00 ➝ C$144.00
8/16/2022National Bank FinancialLower TargetC$148.00 ➝ C$147.00
8/8/2022Keefe, Bruyette & WoodsDowngradeMarket Perform ➝ UnderperformC$132.00 ➝ C$118.00
6/6/2022ArgusBoost TargetBuy$121.00 ➝ $125.00
5/27/2022BMO Capital MarketsLower TargetC$142.00 ➝ C$140.00
5/27/2022National Bank FinancialBoost TargetC$147.00 ➝ C$148.00
5/27/2022Credit Suisse GroupLower TargetC$153.00 ➝ C$152.00
5/27/2022TD SecuritiesLower TargetC$150.00 ➝ C$145.00
5/20/2022ScotiabankLower TargetC$150.00 ➝ C$147.00
5/20/2022Credit Suisse GroupInitiated CoverageOutperform
4/13/2022ScotiabankLower TargetC$163.00 ➝ C$150.00
4/11/2022CIBCUpgradeNeutral ➝ Sector Outperform
4/8/2022Stifel NicolausLower TargetC$152.00 ➝ C$150.00
4/1/2022Stifel NicolausBoost TargetC$150.00 ➝ C$152.00
2/18/2022ScotiabankBoost TargetC$146.00 ➝ C$162.00
2/17/2022Stifel NicolausInitiated CoverageHold
2/7/2022Canaccord Genuity GroupDowngradeBuy ➝ Hold$141.00 ➝ $148.00
12/2/2021National Bank FinancialLower TargetOutperformC$144.00 ➝ C$140.00
12/2/2021CIBCLower TargetNeutralC$149.00 ➝ C$143.00
12/2/2021ScotiabankLower TargetOutperformC$149.00 ➝ C$146.00
12/2/2021TD SecuritiesLower TargetBuyC$155.00 ➝ C$150.00
11/23/2021ScotiabankBoost TargetOutperformC$148.00 ➝ C$149.00
11/22/2021Bank of AmericaDowngradeNeutral ➝ Underperform
9/1/2021Fundamental ResearchBoost TargetBuy ➝ Buy$127.27 ➝ $143.76
8/27/2021DesjardinsBoost TargetBuyC$138.00 ➝ C$141.00
8/26/2021CIBCBoost TargetNeutralC$138.00 ➝ C$145.00
8/26/2021BMO Capital MarketsBoost TargetMarket PerformC$139.00 ➝ C$142.00
8/26/2021Credit Suisse GroupBoost TargetOutperform ➝ OutperformC$135.00 ➝ C$140.00
8/17/2021ScotiabankBoost TargetC$144.00 ➝ C$148.00
8/13/2021BarclaysBoost TargetOverweight$137.00 ➝ $142.00
6/23/2021CIBCLower TargetC$133.00 ➝ C$131.00
6/7/2021Credit Suisse GroupBoost TargetOutperformC$132.00 ➝ C$135.00
5/28/2021BMO Capital MarketsBoost TargetMarket PerformC$131.00 ➝ C$139.00
5/28/2021Credit Suisse GroupBoost TargetOutperformC$125.00 ➝ C$132.00
5/26/2021ScotiabankBoost TargetSector OutperformC$133.00 ➝ C$140.00
5/20/2021CIBCBoost TargetNeutralC$120.00 ➝ C$133.00
5/20/2021ScotiabankBoost TargetAverage ➝ OutperformC$133.00 ➝ C$140.00
3/10/2021Fundamental ResearchUpgradeBuy$127.27
3/8/2021Bank of AmericaReiterated RatingBuy ➝ Neutral$125.00
3/2/2021Bank of AmericaDowngradeBuy ➝ Neutral$125.00
3/1/2021ArgusBoost TargetBuy$92.00 ➝ $100.00
2/26/2021DesjardinsBoost TargetBuy$117.00 ➝ $119.00
2/25/2021BMO Capital MarketsBoost TargetMarket Perform$111.00 ➝ $120.00
2/25/2021Credit Suisse GroupBoost TargetOutperform$109.00 ➝ $115.00
2/25/2021ScotiabankBoost TargetOutperform$129.00 ➝ $133.00
2/25/2021TD SecuritiesBoost TargetBuy$120.00 ➝ $125.00
2/17/2021ScotiabankBoost Target$125.00 ➝ $129.00
2/16/2021BarclaysLower TargetOverweight$120.00 ➝ $119.00
12/3/2020CIBCBoost TargetNeutral$127.00 ➝ $128.00
12/3/2020ScotiabankBoost TargetOutperform$122.00 ➝ $125.00
11/23/2020ScotiabankBoost Target$111.00 ➝ $122.00
11/19/2020CIBCDowngradeOutperform ➝ Neutral
11/12/2020BarclaysBoost TargetOverweight$108.00 ➝ $112.00
10/29/2020Veritas Investment ResearchUpgradeSell ➝ Buy
9/2/2020Fundamental ResearchInitiated CoverageHold$89.93
8/27/2020TD SecuritiesBoost TargetBuy$105.00 ➝ $110.00
8/27/2020BMO Capital MarketsBoost TargetMarket Perform$93.00 ➝ $97.00
8/27/2020Bank of AmericaBoost TargetBuy$113.00 ➝ $114.00
8/27/2020Credit Suisse GroupBoost TargetOutperform$103.00 ➝ $104.00
8/26/2020DesjardinsUpgradeHold ➝ Buy
8/19/2020BarclaysUpgradeUnderweight ➝ Overweight$80.00 ➝ $106.00
7/24/2020CIBCInitiated CoverageOutperform
5/28/2020BMO Capital MarketsBoost TargetMarket Perform$90.00 ➝ $93.00
5/28/2020ScotiabankBoost TargetOutperform$97.00 ➝ $105.00
5/28/2020Credit Suisse GroupBoost TargetOutperform$100.00 ➝ $101.00
5/22/2020ScotiabankLower TargetOutperform$99.00 ➝ $97.00
5/13/2020Bank of AmericaBoost TargetBuy$70.00 ➝ $98.00
5/11/2020BarclaysLower TargetUnderweight$81.00 ➝ $80.00
5/6/2020CitigroupUpgradeNeutral ➝ Buy
3/25/2020CfraLower TargetHold$83.00 ➝ $69.00
3/20/2020TD SecuritiesReiterated RatingBuy
3/9/2020BarclaysLower TargetUnderweight$106.00 ➝ $92.00
2/24/2020CIBCReiterated RatingBuy$120.00
2/24/2020Credit Suisse GroupBoost TargetOutperform$111.00 ➝ $112.00
12/17/2019CitigroupDowngradeBuy ➝ Neutral$113.00
12/13/2019Credit Suisse GroupUpgradeNeutral ➝ Outperform$108.00
12/5/2019Credit Suisse GroupLower TargetNeutral$105.00 ➝ $102.00
12/4/2019DesjardinsDowngradeBuy ➝ Hold
(Data available from 12/3/2019 forward)

News Sentiment Rating

0.84 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 22 very positive mentions
  • 7 positive mentions
  • 6 negative mentions
  • 2 very negative mentions
Mentions as of
5/7/2024
  • 26 very positive mentions
  • 8 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
6/6/2024
  • 22 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
7/6/2024
  • 14 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/5/2024
  • 19 very positive mentions
  • 26 positive mentions
  • 5 negative mentions
  • 2 very negative mentions
Mentions as of
9/4/2024
  • 26 very positive mentions
  • 17 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
10/4/2024
  • 27 very positive mentions
  • 18 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
11/3/2024
  • 51 very positive mentions
  • 39 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
12/3/2024

Current Sentiment

  • 51 very positive mentions
  • 39 positive mentions
  • 4 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Royal Bank of Canada logo
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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Today's Range

Now: $124.98
Low: $124.48
High: $125.90

50 Day Range

MA: $123.61
Low: $120.91
High: $126.51

52 Week Range

Now: $124.98
Low: $90.21
High: $126.96

Volume

187,551 shs

Average Volume

1,088,043 shs

Market Capitalization

$176.68 billion

P/E Ratio

15.11

Dividend Yield

3.34%

Beta

0.86

Frequently Asked Questions

What sell-side analysts currently cover shares of Royal Bank of Canada?

The following sell-side analysts have issued reports on Royal Bank of Canada in the last twelve months: Argus, Bank of America Co., Barclays PLC, BMO Capital Markets, Jefferies Financial Group Inc., Scotiabank, StockNews.com, TD Securities, and UBS Group AG.
View the latest analyst ratings for RY.

What is the current price target for Royal Bank of Canada?

0 Wall Street analysts have set twelve-month price targets for Royal Bank of Canada in the last year. Their average twelve-month price target is $142.50, suggesting a possible upside of 13.9%. BMO Capital Markets has the highest price target set, predicting RY will reach $165.00 in the next twelve months. Argus has the lowest price target set, forecasting a price of $120.00 for Royal Bank of Canada in the next year.
View the latest price targets for RY.

What is the current consensus analyst rating for Royal Bank of Canada?

Royal Bank of Canada currently has 1 hold rating, 6 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe RY will outperform the market and that investors should add to their positions of Royal Bank of Canada.
View the latest ratings for RY.

What other companies compete with Royal Bank of Canada?

Other companies that are similar to Royal Bank of Canada include Bank of America, HSBC, HDFC Bank, Mitsubishi UFJ Financial Group and Citigroup. Learn More about companies similar to Royal Bank of Canada.

How do I contact Royal Bank of Canada's investor relations team?

Royal Bank of Canada's physical mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The financial services provider's listed phone number is (888) 212-5533 and its investor relations email address is [email protected]. The official website for Royal Bank of Canada is www.rbc.com. Learn More about contacing Royal Bank of Canada investor relations.