$99.97
0.77[0.78%]
At close: Apr 23
$99.97
0[0.00%]
After Hours: 7:33PM EDT
Royal Bank of Canada
(NYSE:RY)Royal Bank of Canada Stock (NYSE:RY), Analyst Ratings, Price Targets, Predictions
Royal Bank of Canada has a consensus price target of $108, established from looking at the 6 latest analyst ratings. The last 3 analyst ratings were released from BMO Capital, B of A Securities, and Credit Suisse on April 5, 2024, December 18, 2023, and August 25, 2023. With an average price target of $96.33 between BMO Capital, B of A Securities, and Credit Suisse, there's an implied -3.64% downside for Royal Bank of Canada from these 3 analyst ratings.
Analyst Firms Making Recommendations1
BMO Capital
B of A Securities
Credit Suisse
Barclays
Argus Research
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Royal Bank of Canada
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/05/2024 | RY | Buy Now | Royal Bank of Canada | $99.97 | 50.05% | BMO Capital | Sohrab Movahedi | $140 → $150 | Upgrade | Market Perform → Outperform | Get Alert |
| 12/18/2023 | RY | Buy Now | Royal Bank of Canada | $99.97 | — | B of A Securities | — | — | Upgrade | Neutral → Buy | Get Alert |
| 08/25/2023 | RY | Buy Now | Royal Bank of Canada | $99.97 | 39.04% | Credit Suisse | Han Joon Kim | $138 → $139 | Maintains | Outperform | Get Alert |
| 08/25/2023 | RY | Buy Now | Royal Bank of Canada | $99.97 | 26.04% | Barclays | John Aiken | $124 → $126 | Maintains | Underweight | Get Alert |
| 08/21/2023 | RY | Buy Now | Royal Bank of Canada | $99.97 | 24.04% | Barclays | John Aiken | $122 → $124 | Maintains | Underweight | Get Alert |
| 06/06/2022 | RY | Buy Now | Royal Bank of Canada | $99.97 | 25.04% | Argus Research | Stephen Biggar | $121 → $125 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Royal Bank of Canada (RY)?
The latest price target for Royal Bank of Canada (NYSE: RY) was reported by BMO Capital on April 5, 2024. The analyst firm set a price target for $150.00 expecting RY to rise to within 12 months (a possible 50.05% upside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Royal Bank of Canada (RY)?
The latest analyst rating for Royal Bank of Canada (NYSE: RY) was provided by BMO Capital, and Royal Bank of Canada upgraded their outperform rating.
When was the last upgrade for Royal Bank of Canada (RY)?
The last upgrade for Royal Bank of Canada happened on April 5, 2024 when BMO Capital raised their price target to $150. BMO Capital previously had a market perform for Royal Bank of Canada.
When was the last downgrade for Royal Bank of Canada (RY)?
There is no last downgrade for Royal Bank of Canada.
When is the next analyst rating going to be posted or updated for Royal Bank of Canada (RY)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Royal Bank of Canada, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Royal Bank of Canada was filed on April 5, 2024 so you should expect the next rating to be made available sometime around April 5, 2025.
Is the Analyst Rating Royal Bank of Canada (RY) correct?
While ratings are subjective and will change, the latest Royal Bank of Canada (RY) rating was a upgraded with a price target of $140.00 to $150.00. The current price Royal Bank of Canada (RY) is trading at is $99.97, which is out of the analyst’s predicted range.
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