Royal Bank of Canada (TSE:RY) Price Target Raised to C$247.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective raised by National Bank Financial from C$241.00 to C$247.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price target on Royal Bank of Canada from C$229.00 to C$245.00 in a report on Wednesday, December 17th. Barclays increased their target price on Royal Bank of Canada from C$244.00 to C$245.00 in a research note on Friday. Canaccord Genuity Group raised their target price on Royal Bank of Canada from C$242.00 to C$255.00 and gave the company a “buy” rating in a report on Thursday, February 12th. TD Securities upped their price target on Royal Bank of Canada from C$246.00 to C$260.00 in a report on Monday, February 9th. Finally, Jefferies Financial Group increased their price objective on shares of Royal Bank of Canada from C$217.00 to C$220.00 in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$244.58.

Royal Bank of Canada Stock Performance

RY opened at C$228.07 on Friday. Royal Bank of Canada has a 1 year low of C$151.25 and a 1 year high of C$240.34. The firm has a 50 day moving average price of C$233.21 and a 200 day moving average price of C$216.05. The company has a market cap of C$319.35 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 3.42 and a beta of 1.28.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. Royal Bank of Canada had a net margin of 28.23% and a return on equity of 13.27%. The company had revenue of C$17.96 billion during the quarter. On average, sell-side analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Insider Activity at Royal Bank of Canada

In related news, Director David Ian Mckay sold 91,288 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$228.75, for a total value of C$20,882,130.00. Following the completion of the transaction, the director owned 5,873 shares of the company’s stock, valued at approximately C$1,343,448.75. This represents a 93.96% decrease in their ownership of the stock.

Royal Bank of Canada News Summary

Here are the key news stories impacting Royal Bank of Canada this week:

• Positive Sentiment: Raymond James raised its price target to C$260 and reiterated a “buy” rating, the largest upside among recent broker moves (~14% above current levels). Raymond James raise
• Positive Sentiment: Desjardins lifted its target to C$250 and maintains a “buy” call, signaling confidence in RBC’s near‑term outlook (~9.7% upside). Desjardins raise
• Positive Sentiment: National Bank Financial and Scotiabank both bumped targets to C$247 and hold “outperform” ratings, adding institutional support around an ~8–8.5% upside. National Bank / Scotiabank raises
• Positive Sentiment: Barclays raised its target to C$245 (coverage noted on BayStreet and TickerReport), another modest upward revision from a major international bank. Barclays raise TickerReport
• Positive Sentiment: RBC reported record Q1 results: EPS C$4.08 and revenue C$17.96B, with beats cited across personal banking, wealth management and capital markets — the core reason analysts are lifting targets. Press release Earnings coverage
• Neutral Sentiment: Bloomberg reports RBC is targeting new defense and energy projects in Canada — a strategic growth initiative that could lift future revenue but carries execution and cyclical risks. Bloomberg article
• Negative Sentiment: TD Securities trimmed its target slightly to C$259 from C$260 (still a “buy”), indicating minor pushback on valuation even as consensus remains constructive. TD Securities trim

About Royal Bank of Canada

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.