Royal Bank of Canada (TSE:RY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts give Royal Bank of Canada a consensus rating of "Moderate Buy" from 11 analysts (2 hold, 8 buy, 1 strong buy), with an average 12‑month price objective of C$244.58.
• Several major brokerages recently raised targets—National Bank to C$247, Raymond James to C$260, Scotiabank to C$247 and BMO to C$245—while TD slightly trimmed its target to C$259, indicating generally upward analyst revisions.
• Shares opened at C$218.50 (52‑week range C$151.25–C$240.34) with a market cap of C$305.02 billion and a P/E of 15.01; last quarter EPS was C$4.08 on C$17.96 billion revenue, with a net margin of 20.88% and ROE of 15.37%.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY has earned an average rating of "Moderate Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$244.58.

A number of analysts have recently weighed in on the stock. National Bank Financial increased their price objective on shares of Royal Bank of Canada from C$241.00 to C$247.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Raymond James Financial boosted their target price on shares of Royal Bank of Canada from C$255.00 to C$260.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Scotiabank upped their price target on shares of Royal Bank of Canada from C$242.00 to C$247.00 and gave the company an "outperform" rating in a report on Friday, February 27th. BMO Capital Markets increased their price target on Royal Bank of Canada from C$229.00 to C$245.00 in a research report on Wednesday, December 17th. Finally, TD Securities reduced their price objective on Royal Bank of Canada from C$260.00 to C$259.00 and set a "buy" rating for the company in a research note on Friday, February 27th.

Royal Bank of Canada Stock Down 0.8%

Shares of TSE RY opened at C$218.50 on Friday. Royal Bank of Canada has a 52 week low of C$151.25 and a 52 week high of C$240.34. The business's 50 day moving average price is C$229.92 and its 200 day moving average price is C$218.97. The firm has a market cap of C$305.02 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.42 and a beta of 1.22.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. Royal Bank of Canada had a net margin of 20.88% and a return on equity of 15.37%. The company had revenue of C$17.96 billion during the quarter. As a group, research analysts expect that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.

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