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

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

RY has been the topic of several other reports. Canadian Imperial Bank of Commerce boosted their price target on Royal Bank of Canada from C$229.00 to C$242.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Desjardins lifted their price objective on shares of Royal Bank of Canada from C$247.00 to C$250.00 and gave the company a “buy” rating in a research note on Friday. National Bank Financial boosted their target price on shares of Royal Bank of Canada from C$241.00 to C$247.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group raised their price target on shares of Royal Bank of Canada from C$217.00 to C$220.00 in a report on Wednesday, February 11th. Finally, BMO Capital Markets upped their price objective on shares of Royal Bank of Canada from C$229.00 to C$245.00 in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$244.58.

Royal Bank of Canada Stock Down 1.8%

RY traded down C$4.07 during trading on Friday, reaching C$228.07. 5,647,497 shares of the stock traded hands, compared to its average volume of 3,863,483. The stock’s 50-day moving average is C$233.21 and its 200 day moving average is C$215.64. Royal Bank of Canada has a 12 month low of C$151.25 and a 12 month high of C$240.34. The stock 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.

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

Insider Activity

In other news, Director David Ian Mckay sold 91,288 shares of Royal Bank of Canada 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 in the company, valued at C$1,343,448.75. This trade 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.