Desjardins Raises Royal Bank of Canada (TSE:RY) Price Target to C$193.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective upped by equities researchers at Desjardins from C$185.00 to C$193.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target would indicate a potential upside of 2.33% from the stock’s current price. Desjardins also issued estimates for Royal Bank of Canada’s FY2025 earnings at $13.25 EPS and FY2026 earnings at $14.30 EPS.

Other equities analysts also recently issued reports about the stock. CIBC boosted their price target on shares of Royal Bank of Canada from C$182.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. National Bankshares set a C$179.00 price target on shares of Royal Bank of Canada and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Scotiabank raised shares of Royal Bank of Canada to a “strong-buy” rating in a report on Thursday, May 15th. National Bank Financial downgraded shares of Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 29th. Finally, Jefferies Financial Group boosted their price target on shares of Royal Bank of Canada from C$198.00 to C$207.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$189.54.

Royal Bank of Canada Price Performance

RY opened at C$188.61 on Wednesday. The company has a market capitalization of C$266.88 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 3.42 and a beta of 0.84. The firm’s fifty day moving average price is C$179.19 and its two-hundred day moving average price is C$171.21. Royal Bank of Canada has a 1 year low of C$151.25 and a 1 year high of C$188.63.

Insider Activity at Royal Bank of Canada

In other news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of C$182.30, for a total transaction of C$56,148.92. Also, Senior Officer Jennifer Kristine Publicover sold 401 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total value of C$73,102.98. Following the sale, the insider owned 152 shares in the company, valued at approximately C$27,709.86. This represents a 72.51% decrease in their ownership of the stock. In the last three months, insiders have sold 63,039 shares of company stock worth $11,175,413.

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.