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

C$122.94

+0.32 (+0.26%)

(As of 12/1/2023 ET)

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Today's Range: C$121.45
▼
C$123.12
50-Day Range: C$108.47
▼
C$122.94
52-Week Range: C$107.92
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C$140.18

Volume: 3.29 million shs
Average Volume: 4.28 million shs
Market Capitalization: C$172.12 billion

P/E Ratio: 11.88
Dividend Yield: 4.39%
Price Target: C$133.21

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Royal Bank of Canada Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 13 Analyst Ratings

Analysts' Consensus Price Target

C$133.21
8.36% Upside

High Forecast	C$142.00
Average Forecast	C$133.21
Low Forecast	C$122.00

Type	Current Forecast 12/2/22 to 12/2/23	1 Month Ago 11/2/22 to 11/2/23	3 Months Ago 9/3/22 to 9/3/23	1 Year Ago 12/2/21 to 12/2/22
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$133.21	C$134.03	C$134.10	C$145.42
Predicted Upside	8.36% Upside	8.54% Upside	8.64% Upside	11.04% Upside

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RY Analyst Ratings 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.

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.

Royal Bank of Canada Stock vs. The Competition

Type	Royal Bank of Canada	Financial Services Companies
Consensus Rating Score	2.31	2.44
Consensus Rating	Hold	Hold
News Sentiment Rating	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/1/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	C$132.00 ➝ C$140.00	+13.89%
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform	C$127.00 ➝ C$125.00	+4.62%
11/22/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	C$129.00 ➝ C$128.00	+7.46%
11/21/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$136.00 ➝ C$135.00	+12.05%
11/21/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$136.00 ➝ C$135.00	+12.05%
11/6/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$141.00 ➝ C$136.00	+17.13%
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9/12/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Outperform	C$138.00	+13.76%
8/27/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight	C$124.00 ➝ C$126.00	+4.12%
8/25/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$143.00 ➝ C$142.00	+17.72%
8/25/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Reduce	C$140.00 ➝ C$122.00	+1.14%
8/25/2023	Morningstar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$129.00 ➝ C$130.00	+7.77%
8/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$138.00 ➝ C$139.00	+15.01%
7/24/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold	C$128.50 ➝ C$135.00	+1.86%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	C$134.43	+9.04%
5/26/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$141.00 ➝ C$130.00	+5.55%
5/26/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$142.00 ➝ C$136.00	+10.47%

(Data available from 12/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

RY Price Target - Frequently Asked Questions

What is Royal Bank of Canada's consensus rating and price target?: According to the issued ratings of 13 analysts in the last year, the consensus rating for Royal Bank of Canada stock is Hold based on the current 2 sell ratings, 5 hold ratings and 6 buy ratings for RY. The average twelve-month price prediction for Royal Bank of Canada is C$133.21 with a high price target of C$142.00 and a low price target of C$122.00. 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 less than other Financial Services companies. The consensus rating score for Royal Bank of Canada is 2.31 while the average consensus rating score for financial services companies is 2.45. Learn more on how RY compares to other companies.
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 9.61% based on their 12-month stock forecasts.

What analysts cover Royal Bank of Canada?: Royal Bank of Canada has been rated by BMO Capital Markets, CIBC, CSFB, Desjardins, Keefe, Bruyette & Woods, National Bankshares, and Scotiabank in the past 90 days.

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This page (TSE:RY) was last updated on 12/2/2023 by MarketBeat.com Staff

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