Canadian Imperial Bank of Commerce Cuts Royal Bank of Canada (TSE:RY) Price Target to C$300.00

Posted by Francis Steltz on Sep 6th, 2026

Royal Bank of Canada (TSE:RY – Free Report) (NYSE:RY) had its price target cut by Canadian Imperial Bank of Commerce from C$311.00 to C$300.00 in a report released on Thursday,BayStreet reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on RY. Scotiabank raised their price target on Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. National Bank Financial boosted their price objective on shares of Royal Bank of Canada from C$318.00 to C$321.00 and gave the company an “outperform” rating in a research report on Sunday, August 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Royal Bank of Canada from C$316.00 to C$324.00 in a research report on Monday, August 31st. Desjardins set a C$320.00 target price on shares of Royal Bank of Canada and gave the company a “buy” rating in a research note on Wednesday. Finally, TD lowered their target price on shares of Royal Bank of Canada from C$307.00 to C$306.00 and set a “buy” rating for the company in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$292.86.

View Our Latest Report on RY

Royal Bank of Canada Price Performance

Shares of RY stock opened at C$291.48 on Thursday. The company has a market cap of C$403.53 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.94. Royal Bank of Canada has a 1 year low of C$199.17 and a 1 year high of C$306.38. The stock’s 50 day simple moving average is C$293.44 and its two-hundred day simple moving average is C$262.59.

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last announced its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 EPS for the quarter. The firm had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%. Equities research analysts expect that Royal Bank of Canada will post 12.3454675 EPS for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were given a $1.76 dividend. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Monday, July 27th. This represents a $7.04 annualized dividend and a yield of 2.4%. Royal Bank of Canada’s dividend payout ratio is currently 41.49%.

Insiders Place Their Bets

In other news, Director David Ian Mckay sold 23,091 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$6,464,787.27. Following the completion of the sale, the director directly owned 5,873 shares of the company’s stock, valued at approximately C$1,644,263.81. The trade was a 79.72% decrease in their ownership of the stock. Also, insider Bruce Washington Ross sold 3,659 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$279.97, for a total transaction of C$1,024,410.23. Following the completion of the transaction, the insider owned 235 shares in the company, valued at approximately C$65,792.95. The trade was a 93.97% decrease in their ownership of the stock. Insiders have sold a total of 334,122 shares of company stock worth $95,836,050 over the last quarter.

Trending Headlines about Royal Bank of Canada

Here are the key news stories impacting Royal Bank of Canada this week:

Positive Sentiment: Desjardins set a C$320 price target for Royal Bank of Canada, implying further upside from recent trading levels and signaling confidence in the bank’s valuation and earnings outlook. Royal Bank of Canada price target set at C$320 by Desjardins
Positive Sentiment: Erste Group Bank raised its fiscal 2026 earnings-per-share forecast for Royal Bank of Canada. Higher estimates can support investor expectations for stronger profitability and potentially improve the bank’s valuation outlook. TSE:RY fiscal 2026 EPS forecast raised by Erste Group Bank
Neutral Sentiment: Royal Bank of Canada plans to redeem its non-viability contingent capital (NVCC) subordinated debentures. The move may reflect routine balance-sheet and capital management, although investors will assess its effect on funding costs and regulatory capital.
Neutral Sentiment: Jefferies raised its price target from C$268 to C$271, but the target remains below the recent share price, indicating that the firm still sees limited near-term upside.
Neutral Sentiment: Canadian Imperial Bank of Commerce lowered its target from C$311 to C$300 and maintained a “neutral” rating. The revised target still implies modest upside, but the cut reflects a more cautious view of the shares’ valuation.
Negative Sentiment: Insider Kelly Bradley reported multiple sales totaling 19,030 shares for approximately C$5.39 million at about C$283 per share. Bradley retained only 1,043 shares, a significant reduction in personal exposure that may weigh on sentiment, even though insider transactions can reflect personal financial planning rather than concerns about the business.

Royal Bank of Canada Company Profile

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Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.