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

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price increased by Scotiabank from C$242.00 to C$247.00 in a report issued on Friday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

A number of other research firms have also recently issued reports on RY. Raymond James Financial raised their price objective on Royal Bank of Canada from C$255.00 to C$260.00 and gave the company a “buy” rating in a research report on Friday. Barclays raised their price target on Royal Bank of Canada from C$244.00 to C$245.00 in a report on Friday. Jefferies Financial Group upped their price objective on shares of Royal Bank of Canada from C$217.00 to C$220.00 in a report on Wednesday, February 11th. Canaccord Genuity Group raised their target price on shares of Royal Bank of Canada from C$242.00 to C$255.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, UBS Group upped their price target on shares of Royal Bank of Canada from C$225.00 to C$238.00 in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$244.58.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at C$228.07 on Friday. The firm has a market capitalization of C$319.35 billion, a PE ratio of 16.21, a P/E/G ratio of 3.42 and a beta of 1.28. The company’s 50-day moving average is C$233.21 and its 200-day moving average is C$216.05. Royal Bank of Canada has a fifty-two week low of C$151.25 and a fifty-two week high of C$240.34.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results 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 business had revenue of C$17.96 billion during the quarter. As a group, analysts expect that Royal Bank of Canada will post 12.3454675 EPS for the current year.

Insider Activity at Royal Bank of Canada

In other news, Director David Ian Mckay sold 91,288 shares of Royal Bank of Canada stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$228.75, for a total value of C$20,882,130.00. Following the completion of the sale, the director directly owned 5,873 shares in the company, valued at approximately C$1,343,448.75. The trade was 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.