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Royal Bank of Canada - RY Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$134.03
  • Forecasted Upside: 10.92%
  • Number of Analysts: 11
  • Breakdown:
  • 2 Sell Ratings
  • 4 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
C$120.84 As of 09/21/2023 01:00 AM ET
▼ -1.93 (-1.57%)

This chart shows the closing price for RY by one month, three months, or twelve months.

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Analyst Price Target for RY

Analyst Price Target is C$134.03
▲ +10.92% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Royal Bank of Canada in the last 3 months. The average price target is C$134.03, with a high forecast of C$142.00 and a low forecast of C$122.00. The average price target represents a 10.92% upside from the last price of C$120.84.

This chart shows the closing price for RY for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 11 investment analysts is to hold stock in Royal Bank of Canada. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
3/31/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
6/29/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
9/27/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
12/26/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
3/26/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
6/24/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
8/23/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
9/22/2023

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
9/12/2023CSFBSet TargetOutperformC$138.00
8/27/2023BarclaysBoost TargetUnderweightC$124.00 ➝ C$126.00
8/25/2023CormarkLower TargetBuyC$143.00 ➝ C$142.00
8/25/2023Veritas Investment ResearchDowngradeBuy ➝ ReduceC$140.00 ➝ C$122.00
8/25/2023MorningstarDowngradeBuy ➝ HoldC$129.00 ➝ C$130.00
8/25/2023CSFBBoost TargetOutperformC$138.00 ➝ C$139.00
8/25/2023Credit Suisse GroupBoost TargetC$138.00 ➝ C$139.00
8/22/2023CIBCLower TargetNeutralC$139.00 ➝ C$129.00
8/21/2023ScotiabankLower TargetOutperformC$143.00 ➝ C$141.00
8/21/2023BarclaysBoost TargetUnderweightC$122.00 ➝ C$124.00
7/24/2023Canaccord Genuity GroupBoost TargetHoldC$128.50 ➝ C$135.00
6/6/2023Fundamental ResearchSet TargetBuyC$134.43
5/26/2023National BanksharesLower TargetOutperformC$142.00 ➝ C$136.00
5/26/2023Bank of AmericaLower TargetC$141.00 ➝ C$130.00
5/26/2023CIBCLower TargetC$142.00 ➝ C$139.00
5/26/2023CormarkLower TargetC$152.00 ➝ C$142.00
5/26/2023CSFBLower TargetC$149.00 ➝ C$141.00
5/26/2023ScotiabankLower TargetC$146.00 ➝ C$143.00
5/26/2023National Bank FinancialLower TargetC$142.00 ➝ C$136.00
5/26/2023Credit Suisse GroupLower TargetC$149.00 ➝ C$141.00
5/26/2023BarclaysLower TargetC$124.00 ➝ C$122.00
5/18/2023National BanksharesLower TargetC$145.00 ➝ C$142.00
5/18/2023National Bank FinancialLower TargetC$145.00 ➝ C$142.00
5/16/2023CIBCDowngradeOutperform ➝ NeutralC$147.00 ➝ C$142.00
5/16/2023CSFBLower TargetC$151.00 ➝ C$149.00
5/9/2023BarclaysDowngradeOverweight ➝ UnderperformC$151.00 ➝ C$124.00
3/14/2023Fundamental ResearchSet TargetBuyC$140.25
3/2/2023National Bank FinancialLower TargetC$147.00 ➝ C$145.00
3/2/2023BarclaysBoost TargetC$150.00 ➝ C$151.00
3/2/2023CIBCLower TargetOutperformC$150.00 ➝ C$147.00
3/2/2023CormarkLower TargetC$161.00 ➝ C$152.00
3/2/2023CSFBLower TargetC$153.00 ➝ C$151.00
3/2/2023National BanksharesLower TargetOutperformC$147.00 ➝ C$145.00
3/2/2023Credit Suisse GroupLower TargetC$153.00 ➝ C$151.00
2/27/2023Veritas Investment ResearchReiterated RatingBuy
2/22/2023National BanksharesBoost TargetC$145.00 ➝ C$147.00
2/17/2023CIBCBoost TargetC$140.00 ➝ C$150.00
2/17/2023ScotiabankLower TargetC$149.00 ➝ C$146.00
12/21/2022National BanksharesLower TargetC$147.00 ➝ C$145.00
12/13/2022Fundamental ResearchReiterated RatingBuyC$138.40
12/1/2022CSFBBoost TargetC$150.00 ➝ C$153.00
12/1/2022Keefe, Bruyette & WoodsUpgradeUnderperform ➝ Market PerformC$129.00 ➝ C$138.00
12/1/2022National BanksharesLower TargetOutperformC$148.00 ➝ C$147.00
12/1/2022BarclaysBoost TargetC$140.00 ➝ C$151.00
12/1/2022CormarkBoost TargetC$147.00 ➝ C$152.00
12/1/2022Credit Suisse GroupBoost TargetC$153.00
11/22/2022CSFBBoost TargetC$143.00 ➝ C$150.00
11/22/2022ScotiabankBoost TargetC$144.00 ➝ C$149.00
11/22/2022Credit Suisse GroupBoost TargetC$150.00
11/14/2022BarclaysBoost TargetC$137.00 ➝ C$140.00
9/29/2022BarclaysReiterated RatingOverweightC$137.00
9/7/2022CIBCLower TargetC$146.00 ➝ C$140.00
9/7/2022Fundamental ResearchReiterated RatingBuyC$143.00
9/2/2022BMO Capital MarketsLower TargetC$140.00 ➝ C$132.00
9/2/2022Keefe, Bruyette & WoodsBoost TargetC$118.00 ➝ C$129.00
8/25/2022Credit Suisse GroupLower TargetOutperformC$143.00
8/25/2022CormarkBoost TargetBuyC$147.00 ➝ C$151.00
8/25/2022CSFBLower TargetC$144.00 ➝ C$143.00
8/25/2022Canaccord Genuity GroupLower TargetC$131.50 ➝ C$130.50
8/25/2022National BanksharesBoost TargetOutperformC$147.00 ➝ C$148.00
8/18/2022ScotiabankLower TargetC$147.00 ➝ C$144.00
8/16/2022National BanksharesLower TargetC$148.00 ➝ C$147.00
8/8/2022Keefe, Bruyette & WoodsDowngradeMarket Perform ➝ UnderperformC$132.00 ➝ C$118.00
6/8/2022Fundamental ResearchReiterated RatingBuyC$142.00
6/7/2022ArgusBoost TargetBuyC$157.00
5/27/2022Canaccord Genuity GroupBoost TargetC$131.50 ➝ C$134.00
5/27/2022National BanksharesBoost TargetOutperformC$147.00 ➝ C$148.00
5/27/2022TD SecuritiesLower TargetBuyC$150.00 ➝ C$145.00
5/27/2022Credit Suisse GroupLower TargetOutperformC$152.00
5/20/2022Credit Suisse GroupInitiated CoverageBuyC$153.00
5/20/2022CSFBSet TargetOutperformC$153.00
5/20/2022ScotiabankLower TargetC$150.00 ➝ C$147.00
5/17/2022CIBCLower TargetC$149.00 ➝ C$146.00
4/13/2022ScotiabankLower TargetC$163.00 ➝ C$150.00
4/11/2022CIBCUpgradeNeutral ➝ BuyC$151.00 ➝ C$149.00
3/9/2022CIBCLower TargetC$152.00 ➝ C$151.00
3/7/2022Fundamental ResearchLower TargetBuy ➝ BuyC$152.07 ➝ C$151.16
2/23/2022National BanksharesBoost TargetC$140.00 ➝ C$147.00
2/17/2022Canaccord Genuity GroupBoost TargetC$148.00 ➝ C$150.00
2/17/2022CIBCBoost TargetNeutralC$143.00 ➝ C$152.00
2/15/2022TD SecuritiesBoost TargetC$150.00 ➝ C$165.00
2/7/2022Canaccord Genuity GroupDowngradeHoldC$148.00
1/19/2022BarclaysBoost TargetOverweightC$141.00 ➝ C$157.00
12/7/2021Fundamental ResearchBoost TargetBuy ➝ BuyC$143.76 ➝ C$152.07
12/2/2021CIBCLower TargetNeutralC$149.00 ➝ C$143.00
12/2/2021CormarkLower TargetC$147.00 ➝ C$146.00
12/2/2021ScotiabankLower TargetOutperformC$149.00 ➝ C$146.00
12/2/2021Veritas Investment ResearchReiterated RatingReduce ➝ Buy
12/2/2021National BanksharesLower TargetOutperformC$144.00 ➝ C$140.00
12/2/2021TD SecuritiesLower TargetBuyC$155.00 ➝ C$150.00
12/1/2021BarclaysReiterated RatingOverweightC$144.00
11/22/2021CIBCBoost TargetC$145.00 ➝ C$149.00
9/2/2021Credit Suisse GroupReiterated RatingOutperform
9/1/2021Credit Suisse GroupBoost TargetNAC$144.00
9/1/2021CSFBBoost TargetC$140.00 ➝ C$144.00
8/26/2021CIBCBoost TargetC$138.00 ➝ C$145.00
8/26/2021CSFBBoost TargetC$135.00 ➝ C$140.00
8/26/2021National BanksharesBoost TargetC$140.00 ➝ C$144.00
8/26/2021National Bank FinancialBoost TargetOutperformC$144.00
8/26/2021Credit Suisse GroupBoost TargetOutperformC$140.00
8/26/2021CormarkBoost TargetBuyC$144.00 ➝ C$147.00
8/26/2021BMO Capital MarketsBoost TargetMarket PerformC$139.00 ➝ C$142.00
8/25/2021CIBCReiterated RatingNeutralC$138.00
8/17/2021ScotiabankBoost TargetC$144.00 ➝ C$148.00
8/13/2021BarclaysBoost TargetC$137.00 ➝ C$142.00
6/23/2021CIBCLower TargetNeutralC$133.00 ➝ C$131.00
6/15/2021National Bank FinancialBoost TargetOutperformC$140.00
6/15/2021National BanksharesBoost TargetC$137.00 ➝ C$140.00
6/7/2021Credit Suisse GroupBoost TargetNAC$135.00
6/7/2021CSFBBoost TargetC$132.00 ➝ C$135.00
5/31/2021CormarkBoost TargetBuyC$130.00 ➝ C$136.00
5/28/2021Credit Suisse GroupBoost TargetNAC$132.00
5/28/2021National BanksharesBoost TargetOutperformC$130.00 ➝ C$137.00
5/28/2021BMO Capital MarketsBoost TargetMarket PerformC$131.00 ➝ C$139.00
5/28/2021ScotiabankBoost TargetC$140.00 ➝ C$144.00
5/28/2021CSFBBoost TargetC$125.00 ➝ C$132.00
5/28/2021National Bank FinancialBoost TargetOutperformC$137.00
5/27/2021CIBCReiterated RatingNeutralC$133.00
5/20/2021Credit Suisse GroupBoost TargetNAC$125.00
5/20/2021ScotiabankBoost TargetC$133.00 ➝ C$140.00
5/20/2021CSFBBoost TargetC$118.00 ➝ C$125.00
5/20/2021CIBCBoost TargetNeutralC$120.00 ➝ C$133.00
5/19/2021Bank of AmericaBoost TargetBuyC$125.00 ➝ C$132.00
5/18/2021National Bank FinancialBoost TargetOutperformC$130.00
5/18/2021National BanksharesBoost TargetC$123.00 ➝ C$130.00
3/3/2021CSFBBoost TargetC$115.00 ➝ C$118.00
3/2/2021Fundamental ResearchUpgradeHold ➝ BuyC$102.97 ➝ C$127.27
3/2/2021CIBCLower TargetC$128.00 ➝ C$120.00
2/26/2021CormarkBoost TargetC$117.00 ➝ C$118.00
2/25/2021BMO Capital MarketsBoost TargetC$111.00 ➝ C$120.00
2/25/2021CSFBBoost TargetC$109.00 ➝ C$115.00
2/25/2021ScotiabankBoost TargetC$129.00 ➝ C$133.00
2/25/2021TD SecuritiesBoost TargetBuyC$120.00 ➝ C$125.00
2/25/2021National Bank FinancialBoost TargetOutperformC$117.00 ➝ C$123.00
1/11/2021National Bank FinancialBoost TargetOutperformC$113.00 ➝ C$117.00
12/14/2020BMO Capital MarketsBoost TargetC$106.00 ➝ C$111.00
12/8/2020Fundamental ResearchBoost TargetHold ➝ HoldC$89.93 ➝ C$102.97
12/3/2020CIBCBoost TargetC$127.00 ➝ C$128.00
12/3/2020National Bank FinancialBoost TargetOutperformC$107.00 ➝ C$113.00
12/3/2020ScotiabankLower TargetC$125.00 ➝ C$122.00
11/23/2020ScotiabankBoost TargetC$111.00 ➝ C$122.00
11/19/2020CIBCDowngradeOutperform ➝ Neutral
9/8/2020National Bank FinancialBoost TargetOutperformC$106.00 ➝ C$107.00
9/3/2020Fundamental ResearchReiterated RatingHoldC$101.47
9/2/2020National Bank FinancialBoost TargetOutperformC$106.00 ➝ C$107.00
8/27/2020Credit Suisse GroupBoost TargetC$103.00 ➝ C$104.00
8/27/2020BMO Capital MarketsBoost TargetC$93.00 ➝ C$97.00
8/27/2020CSFBBoost TargetC$103.00 ➝ C$104.00
8/27/2020TD SecuritiesBoost TargetBuyC$105.00 ➝ C$110.00
8/27/2020National Bank FinancialBoost TargetOutperformC$106.00 ➝ C$107.00
8/26/2020DesjardinsUpgradeHold ➝ Buy
8/21/2020Credit Suisse GroupBoost TargetC$101.00 ➝ C$103.00
8/21/2020CSFBBoost TargetC$101.00 ➝ C$103.00
5/28/2020BMO Capital MarketsBoost TargetC$90.00 ➝ C$93.00
5/28/2020ScotiabankBoost TargetC$97.00 ➝ C$105.00
5/28/2020CormarkBoost TargetC$95.00 ➝ C$104.00
5/28/2020National Bank FinancialBoost TargetOutperformC$92.00 ➝ C$99.00
5/22/2020CSFBLower TargetC$105.00 ➝ C$100.00
5/22/2020ScotiabankLower TargetC$99.00 ➝ C$97.00
5/17/2020National Bank FinancialLower TargetOutperformC$94.00 ➝ C$92.00
5/6/2020CitigroupUpgradeNeutral ➝ BuyC$113.00 ➝ C$95.00
3/31/2020ScotiabankLower TargetC$117.00 ➝ C$99.00
3/25/2020National Bank FinancialLower TargetOutperformC$119.00 ➝ C$94.00
3/20/2020TD SecuritiesLower TargetBuyC$115.00 ➝ C$105.00
2/24/2020National Bank FinancialBoost TargetOutperformC$116.00 ➝ C$119.00
2/20/2020ScotiabankBoost TargetC$114.00 ➝ C$116.00
12/5/2019National Bank FinancialLower TargetOutperformC$117.00 ➝ C$116.00
12/5/2019ScotiabankLower TargetC$117.00 ➝ C$114.00
12/4/2019DesjardinsDowngradeBuy ➝ Hold
11/22/2019National Bank FinancialBoost TargetOutperformC$111.00 ➝ C$117.00
11/21/2019CIBCUpgradeNeutral ➝ OutperformC$109.00 ➝ C$120.00
11/20/2019ScotiabankLower TargetC$118.00 ➝ C$117.00
9/9/2019CitigroupLower TargetC$120.00 ➝ C$113.00
9/4/2019Eight CapitalLower TargetC$114.00 ➝ C$113.00
8/22/2019National Bank FinancialLower TargetOutperformC$112.00 ➝ C$111.00
8/22/2019BMO Capital MarketsLower TargetC$114.00 ➝ C$109.00
8/22/2019CormarkLower TargetC$112.00 ➝ C$111.00
8/22/2019CIBCLower TargetC$110.00 ➝ C$109.00
8/14/2019Eight CapitalLower TargetC$121.00 ➝ C$114.00
6/27/2019CitigroupLower TargetC$125.00 ➝ C$120.00
5/24/2019National Bank FinancialBoost TargetOutperformC$110.00 ➝ C$112.00
5/24/2019BMO Capital MarketsBoost TargetC$110.00 ➝ C$114.00
5/16/2019CSFBSet TargetNeutralC$109.00
5/14/2019DesjardinsBoost TargetC$108.00 ➝ C$111.00
12/11/2018DesjardinsLower TargetC$109.00 ➝ C$108.00
12/10/2018TD SecuritiesUpgradeHold ➝ BuyC$115.00
11/29/2018National Bank FinancialLower TargetOutperformC$111.00 ➝ C$110.00
11/29/2018BarclaysBoost TargetC$99.00 ➝ C$100.00
11/16/2018BarclaysLower TargetC$104.00 ➝ C$99.00
(Data available from 9/22/2018 forward)

News Sentiment Rating

0.60 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 9 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2023
  • 5 very positive mentions
  • 9 positive mentions
  • 6 negative mentions
  • 1 very negative mentions
Mentions as of
3/26/2023
  • 6 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
4/25/2023
  • 6 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
5/25/2023
  • 5 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
6/24/2023
  • 2 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
7/24/2023
  • 5 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2023
  • 10 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2023

Current Sentiment

  • 10 very positive mentions
  • 12 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Royal Bank of Canada logo
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.
Read More

Today's Range

Now: C$120.84
Low: C$120.82
High: C$122.47

50 Day Range

MA: C$125.27
Low: C$119.71
High: C$132.06

52 Week Range

Now: C$120.84
Low: C$116.75
High: C$140.18

Volume

2,203,281 shs

Average Volume

4,200,984 shs

Market Capitalization

C$169.18 billion

P/E Ratio

11.68

Dividend Yield

4.35%

Beta

0.79

Frequently Asked Questions

What sell-side analysts currently cover shares of Royal Bank of Canada?

The following Wall Street research analysts have issued reports on Royal Bank of Canada in the last twelve months: Bank of America Co., Barclays PLC, Canaccord Genuity Group Inc., CIBC, Cormark, Credit Suisse Group AG, CSFB, Fundamental Research, Keefe, Bruyette & Woods, Morningstar, Inc., National Bank Financial, National Bankshares, Inc., Scotiabank, and Veritas Investment Research.
View the latest analyst ratings for RY.

What is the current price target for Royal Bank of Canada?

14 Wall Street analysts have set twelve-month price targets for Royal Bank of Canada in the last year. Their average twelve-month price target is C$134.03, suggesting a possible upside of 10.9%. Cormark has the highest price target set, predicting RY will reach C$142.00 in the next twelve months. Veritas Investment Research has the lowest price target set, forecasting a price of C$122.00 for Royal Bank of Canada in the next year.
View the latest price targets for RY.

What is the current consensus analyst rating for Royal Bank of Canada?

Royal Bank of Canada currently has 2 sell ratings, 4 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in RY, but not buy more shares or sell existing shares.
View the latest ratings for RY.

What other companies compete with Royal Bank of Canada?

Other companies that are similar to Royal Bank of Canada include Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Brookfield. Learn More about companies similar to Royal Bank of Canada.

How do I contact Royal Bank of Canada's investor relations team?

Royal Bank of Canada's physical mailing address is 1 Place Ville Marie Cp 6001 Succ Centre Ville, MONTREAL, QC H3C 3A9, Canada. The financial services provider's listed phone number is +1-416-9748393. The official website for Royal Bank of Canada is www.rbc.com. Learn More about contacing Royal Bank of Canada investor relations.