National Bank Financial Forecasts Strong Price Appreciation for Royal Bank of Canada (TSE:RY) Stock

Key Points

• National Bank Financial raised RBC’s price target to C$321 from C$318 and maintained an “outperform” rating, implying 12.96% upside from the previous close.
• Analyst sentiment remains favorable, with RBC holding a consensus “Moderate Buy” rating and an average target of C$292.86. Recent target increases came from Scotia, Canaccord Genuity, Desjardins and Raymond James.
• RBC reported quarterly EPS of C$4.28 on C$18.54 billion in revenue, with a 16.11% return on equity and 15.92% net margin; however, insiders sold roughly C$100.6 million of stock over the past 90 days.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY had its target price boosted by analysts at National Bank Financial from C$318.00 to C$321.00 in a research note issued to investors on Sunday,BayStreet.CA reports. The firm presently has an "outperform" rating on the financial services provider's stock. National Bank Financial's target price suggests a potential upside of 12.96% from the company's previous close.

Other analysts have also recently issued reports about the stock. Scotia lifted their target price on shares of Royal Bank of Canada from C$311.00 to C$312.00 and gave the company a "sector outperform" rating in a research note on Friday. Canaccord Genuity Group raised their price target on shares of Royal Bank of Canada from C$310.00 to C$318.00 and gave the company a "buy" rating in a report on Friday. Scotiabank boosted their price target on Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, June 16th. Desjardins upped their price objective on shares of Royal Bank of Canada from C$275.00 to C$320.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Raymond James Financial boosted their target price on shares of Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Royal Bank of Canada currently has a consensus rating of "Moderate Buy" and a consensus target price of C$292.86.

Royal Bank of Canada Trading Up 0.2%

RY stock traded up C$0.70 during mid-day trading on Friday, hitting C$284.17. The stock had a trading volume of 3,148,772 shares, compared to its average volume of 3,530,188. Royal Bank of Canada has a 1-year low of C$197.58 and a 1-year high of C$306.38. The company has a fifty day moving average of C$293.49 and a 200 day moving average of C$260.71. The stock has a market capitalization of C$393.41 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 3.42 and a beta of 1.05.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last announced its quarterly earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share (EPS) for the quarter. The business had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%. As a group, sell-side analysts expect that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Katherine Gibson sold 462 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$129,346.14. Following the completion of the transaction, the insider directly owned 290 shares in the company, valued at C$81,191.30. This represents a 61.44% decrease in their position. Also, insider Neil Mclaughlin sold 4,000 shares of the company's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$287.72, for a total transaction of C$1,150,880.00. Insiders sold 352,767 shares of company stock valued at $100,643,023 in the last ninety days.

More Royal Bank of Canada News

Here are the key news stories impacting Royal Bank of Canada this week:

• Positive Sentiment: Record Q3 2026 earnings provided the main support. RBC reported C$4.28 in quarterly EPS and C$18.54 billion in revenue, with growth described as diversified across its businesses. Strong profitability, including a 15.95% return on equity, reinforces the bank’s earnings momentum. Royal Bank of Canada Reports Third Quarter 2026 Results
• Positive Sentiment: Analysts raised their outlooks following the results. Canaccord Genuity increased its price target from C$310 to C$318 and assigned a Buy rating. Scotia raised its target from C$311 to C$312 and maintained a Sector Outperform view. Both targets imply additional upside from recent levels. Royal Bank of Canada Analyst Ratings
• Positive Sentiment: TD remains bullish despite a small target reduction. TD lowered its price objective from C$307 to C$306 but retained a Buy rating, indicating that analysts continue to view RBC’s fundamentals favorably. Royal Bank of Canada Analyst Ratings
• Positive Sentiment: RBC’s recent dividend increase from $1.64 to $1.76 per share strengthens its shareholder-return appeal and signals management confidence in capital generation.
• Neutral Sentiment: Some investors argue that RBC’s strong performance is already reflected in its valuation. The bank trades at roughly 18.5 times earnings, so further gains may depend on continued earnings growth rather than multiple expansion. Royal Bank of Canada Another Record Quarter Same Valuation Problem
• Negative Sentiment: Insider Katherine Gibson sold 462 shares for approximately C$129,000, reducing her holdings by 61.44%. The transaction follows similar sales and may weigh slightly on sentiment, although it is not necessarily evidence of weakening business conditions. Royal Bank of Canada Insider Selling

Royal Bank of Canada Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.

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