Royal Bank Of Canada (RY)
(Delayed Data from NYSE)
$111.60 USD
+0.47 (0.42%)
Updated Jul 22, 2024 04:00 PM ET
After-Market: $111.62 +0.02 (0.02%) 4:48 PM ET
3-Hold of 5 3
F Value F Growth B Momentum F VGM
Royal Bank (RY) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$114.36 | $122.64 | $100.24 | 2.91% |
Price Target
Based on short-term price targets offered by 13 analysts, the average price target for Royal Bank comes to $114.36. The forecasts range from a low of $100.24 to a high of $122.64. The average price target represents an increase of 2.91% from the last closing price of $111.13.
Analyst Price Targets (13)
Broker Rating
Royal Bank currently has an average brokerage recommendation (ABR) of 1.57 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 1.80 a month ago based on 15 recommendations.
Of the 14 recommendations deriving the current ABR, nine are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 64.29% and 14.29% of all recommendations. A month ago, Strong Buy made up 53.33%, while Buy represented 13.33%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 9 | 9 | 8 | 8 | 6 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 3 | 4 | 5 | 4 | 6 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.57 | 1.67 | 1.80 | 1.71 | 2.00 |
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 |
---|---|---|---|---|
7/2/2024 | UBS | Jill Shea | Not Available | Strong Buy |
6/6/2024 | Argus Research Corp. | Stephen Biggar | Not Available | Strong Buy |
5/31/2024 | BMO Capital Markets | Sohrab Movahedi | Strong Buy | Hold |
5/17/2024 | Scotiabank | Meny Grauman | Hold | Strong Buy |
5/16/2024 | National Bank Financial | Gabrial Dechaine | Strong Buy | Strong Buy |
5/13/2024 | Not Identified | Not Identified | Hold | Strong Buy |
5/10/2024 | TD Securities | Mario Mendonca | Strong Buy | Strong Buy |
5/3/2024 | Desjardins Securities | Doug Young | Moderate Buy | Moderate Buy |
4/2/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
3/20/2024 | Not Identified | Not Identified | Not Available | Hold |
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 |
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 | 1.57 |
ABR (Last week) | 1.67 |
# of Recs in ABR | 14 |
Average Target Price | $114.36 |
LT Growth Rate | 7.50% |
Industry | Banks - Foreign |
Industry Rank by ABR | 48 of 252 |
Current Quarter EPS Est: | 2.19 |