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

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$104.75
-0.55 (-0.52%)
(As of 02:38 PM ET)
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Royal Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2024)

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

Buy
Based on 6 Analyst Ratings

Consensus Price Target

$137.67
31.42% Upside
High Forecast$150.00
Average Forecast$137.67
Low Forecast$124.00
TypeCurrent Forecast
5/29/23 to 5/28/24		1 Month Ago
4/29/23 to 4/28/24		3 Months Ago
2/28/23 to 2/28/24		1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Buy
Moderate Buy
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$137.67$137.67$131.50$125.00
Forecasted Upside31.42% Upside46.82% Upside47.75% Upside20.92% Upside
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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 CanadaFinance CompaniesS&P 500
Consensus Rating Score
3.00
2.44
2.49
Consensus RatingBuyHoldHold
Predicted Upside30.74% Upside55.95% Upside9.93% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/17/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		M. Grauman
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold ➝ Strong-Buy
5/13/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
4/5/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$140.00 ➝ $150.00+48.54%
3/20/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageEqual Weight
12/18/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy
8/25/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$138.00 ➝ $139.00+56.43%
5/16/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeSector Outperform ➝ Neutral
2/7/2023Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$145.00 ➝ C$147.00
12/1/2022National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$148.00 ➝ C$147.00
12/1/2022Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Scott Chan
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetBuy ➝ BuyC$131.00 ➝ C$136.00
12/1/2022Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Mike Rizvanovic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeUnderperform ➝ Market Perform
6/6/2022Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$121.00 ➝ $125.00+19.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:55 PM ET.

RY Frequently Asked Questions

What is Royal Bank of Canada's stock forecast and purchase recommendation?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Royal Bank of Canada is $137.67, with a high forecast of $150.00 and a low forecast of $124.00. The consensus rating for Royal Bank of Canada stock is Buy based on the current 1 hold rating, 4 buy ratings and 1 strong buy rating for RY. Learn more on RY's analyst rating history.

Do Wall Street analysts like Royal Bank of Canada more than its competitors?

Analysts like Royal Bank of Canada more than other "finance" companies. The consensus rating for Royal Bank of Canada is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how RY compares to other companies.

Is Royal Bank of Canada being upgraded by Wall Street analysts?

Over the previous 90 days, Royal Bank of Canada's stock had 3 upgrades by analysts.

Does Royal Bank of Canada's stock price have much upside?

According to analysts, Royal Bank of Canada's stock has a predicted upside of 46.82% based on their 12-month stock forecasts.

What analysts cover Royal Bank of Canada?

Royal Bank of Canada has been rated by research analysts at Barclays, BMO Capital Markets, Jefferies Financial Group, and Scotiabank in the past 90 days.

Does Royal Bank of Canada rate other companies?

Royal Bank of Canada also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.


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This page (NYSE:RY) was last updated on 5/28/2024 by MarketBeat.com Staff

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