Cormark Issues Pessimistic Forecast for Royal Bank of Canada (TSE:RY) Stock Price

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective lowered by investment analysts at Cormark from C$194.00 to C$189.00 in a research note issued on Friday,BayStreet.CA reports. Cormark’s target price points to a potential upside of 10.54% from the company’s current price. Cormark also issued estimates for Royal Bank of Canada’s FY2025 earnings at $13.22 EPS and FY2026 earnings at $14.38 EPS.

RY has been the subject of several other research reports. TD Securities reduced their target price on shares of Royal Bank of Canada from C$180.00 to C$178.00 and set a “hold” rating for the company in a research note on Friday. CIBC reduced their price objective on shares of Royal Bank of Canada from C$176.00 to C$175.00 in a research note on Tuesday, February 18th. National Bankshares boosted their price objective on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Jefferies Financial Group reduced their price objective on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research note on Tuesday, February 18th. Finally, Barclays raised shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Royal Bank of Canada has an average rating of “Buy” and an average price target of C$181.83.

Royal Bank of Canada Stock Up 2.7 %

RY opened at C$170.98 on Friday. The company has a market capitalization of C$241.94 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 3.42 and a beta of 0.84. The firm has a 50-day moving average price of C$172.44 and a 200-day moving average price of C$169.84. Royal Bank of Canada has a twelve month low of C$130.44 and a twelve month high of C$180.45.

Insider Buying and Selling at Royal Bank of Canada

In other news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$53,938.25. Also, Senior Officer Douglas Antony Guzman sold 1,538 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$177.09, for a total transaction of C$272,363.80. Following the completion of the sale, the insider now owns 25 shares of the company’s stock, valued at approximately C$4,427.24. The trade was a 98.40 % decrease in their ownership of the stock. Insiders sold a total of 42,762 shares of company stock worth $7,379,177 over the last three months.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.