Raymond James Financial Forecasts Strong Price Appreciation for Royal Bank of Canada (TSE:RY) Stock

Posted by George Bondi on Aug 12th, 2026

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) had its price objective boosted by equities researchers at Raymond James Financial from C$270.50 to C$306.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Raymond James Financial’s price target would suggest a potential upside of 3.07% from the company’s current price.

A number of other research firms have also recently weighed in on RY. Canaccord Genuity Group raised their price objective on shares of Royal Bank of Canada from C$282.00 to C$310.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Desjardins upped their target price on shares of Royal Bank of Canada from C$275.00 to C$320.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Scotiabank increased their target price on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a “sector outperform” rating in a research report on Tuesday, June 16th. Barclays lifted their price target on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Royal Bank of Canada from C$258.00 to C$279.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$271.85.

Check Out Our Latest Stock Analysis on RY

Royal Bank of Canada Trading Up 1.3%

Shares of RY stock traded up C$3.76 on Wednesday, reaching C$296.88. 624,818 shares of the stock were exchanged, compared to its average volume of 3,575,000. The company has a market capitalization of C$412.56 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 3.42 and a beta of 1.05. The business’s 50 day moving average price is C$290.07 and its 200 day moving average price is C$255.45. Royal Bank of Canada has a twelve month low of C$186.24 and a twelve month high of C$306.38.

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share for the quarter. The company had revenue of C$17.45 billion for the quarter. Royal Bank of Canada had a return on equity of 15.95% and a net margin of 18.40%. Equities research analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Insider Activity

In other Royal Bank of Canada news, insider Neil Mclaughlin sold 3,500 shares of Royal Bank of Canada stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$287.70, for a total value of C$1,006,950.00. Also, insider Graeme Ashley Hepworth sold 1,463 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of C$297.19, for a total transaction of C$434,788.97. Insiders have sold 353,206 shares of company stock worth $100,237,874 over the last 90 days.

Royal Bank of Canada Company Profile

(Get Free Report)

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.