Royal Bank of Canada (TSE:RY) Price Target Raised to C$250.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target upped by Desjardins from C$247.00 to C$250.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the financial services provider’s stock.

RY has been the topic of a number of other reports. Jefferies Financial Group raised their target price on shares of Royal Bank of Canada from C$217.00 to C$220.00 in a research report on Wednesday, February 11th. Raymond James Financial raised their price objective on shares of Royal Bank of Canada from C$239.00 to C$248.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Canaccord Genuity Group upped their target price on shares of 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. BMO Capital Markets increased their target price on shares of Royal Bank of Canada from C$229.00 to C$245.00 in a research note on Wednesday, December 17th. Finally, Barclays boosted their price target on Royal Bank of Canada from C$244.00 to C$245.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average 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 one year low of C$151.25 and a one year high of C$240.34. The stock has a market capitalization of C$319.35 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 3.42 and a beta of 1.28. The business’s 50-day simple moving average is C$233.21 and its 200-day simple moving average is C$216.05.

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

Insider Activity

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

Key Stories Impacting Royal Bank of Canada

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

Royal Bank of Canada Company Profile

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.