Royal Bank Of Canada (RY)
(Delayed Data from NYSE)
$98.16 USD
+0.48 (0.49%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $98.18 +0.02 (0.02%) 7:58 PM ET
3-Hold of 5 3
D Value D Growth C Momentum D VGM
Royal Bank (RY) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$104.35 | $114.70 | $89.55 | 6.83% |
Price Target
Based on short-term price targets offered by 14 analysts, the average price target for Royal Bank comes to $104.35. The forecasts range from a low of $89.55 to a high of $114.70. The average price target represents an increase of 6.83% from the last closing price of $97.68.
Analyst Price Targets (14)
Broker Rating
Royal Bank currently has an average brokerage recommendation (ABR) of 2.00 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms. The current ABR compares to an ABR of 2.08 a month ago based on 13 recommendations.
Of the 14 recommendations deriving the current ABR, six are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 42.86% and 14.29% of all recommendations. A month ago, Strong Buy made up 38.46%, while Buy represented 15.38%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 6 | 6 | 5 | 5 | 5 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 6 | 6 | 6 | 5 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 1 |
ABR | 2.00 | 2.00 | 2.08 | 2.00 | 2.17 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
4/5/2024 | BMO Capital Markets | Sohrab Movahedi | Hold | Strong Buy |
4/2/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
3/8/2024 | CIBC World Markets Corp. | Paul D Holden | Hold | Hold |
2/29/2024 | Canaccord Genuity | Matthew Lee | Strong Buy | Strong Buy |
2/23/2024 | Cormark Securities | Lemar Persaud | Moderate Buy | Moderate Buy |
12/20/2023 | Scotiabank | Meny Grauman | Strong Buy | Hold |
12/8/2023 | TD Securities | Mario Mendonca | Not Available | Strong Buy |
11/21/2023 | National Bank Financial | Gabrial Dechaine | Strong Buy | Strong Buy |
11/6/2023 | Desjardins Securities | Doug Young | Moderate Buy | Moderate Buy |
8/16/2023 | Keefe Bruyette & Woods | Mike Rizvanovic | Hold | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.00 |
ABR (Last week) | 2.00 |
# of Recs in ABR | 14 |
Average Target Price | $104.35 |
LT Growth Rate | 6.90% |
Industry | Banks - Foreign |
Industry Rank by ABR | 91 of 252 |
Current Quarter EPS Est: | 2.04 |