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Royal Bank of Canada has a consensus price target of $137.5 based on the ratings of 5 analysts. The high is $165 issued by BMO Capital on August 29, 2024. The low is $120 issued by Argus Research on June 6, 2024. The 3 most-recent analyst ratings were released by BMO Capital, Argus Research, and BMO Capital on August 29, 2024, June 6, 2024, and April 5, 2024, respectively. With an average price target of $145 between BMO Capital, Argus Research, and BMO Capital, there's an implied 19.37% upside for Royal Bank of Canada from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Royal Bank of Canada (NYSE:RY) was reported by BMO Capital on August 29, 2024. The analyst firm set a price target for $165.00 expecting RY to rise to within 12 months (a possible 35.84% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Royal Bank of Canada (NYSE:RY) was provided by BMO Capital, and Royal Bank of Canada maintained their outperform rating.
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.
There is no last downgrade for Royal Bank of Canada.
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 August 29, 2024 so you should expect the next rating to be made available sometime around August 29, 2025.
While ratings are subjective and will change, the latest Royal Bank of Canada (RY) rating was a maintained with a price target of $151.00 to $165.00. The current price Royal Bank of Canada (RY) is trading at is $121.47, which is out of the analyst’s predicted range.
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