Desjardins Forecasts Strong Price Appreciation for Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price target raised by equities researchers at Desjardins from C$247.00 to C$250.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price objective suggests a potential upside of 9.62% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Scotiabank upped their price objective on shares of Royal Bank of Canada from C$231.00 to C$242.00 in a report on Friday, January 9th. Barclays boosted their target price on shares of Royal Bank of Canada from C$244.00 to C$245.00 in a research report on Friday. TD Securities raised their price target on Royal Bank of Canada from C$246.00 to C$260.00 in a research report on Monday, February 9th. National Bank Financial lifted their price objective on Royal Bank of Canada from C$235.00 to C$241.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, UBS Group boosted their price objective on Royal Bank of Canada from C$225.00 to C$238.00 in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$244.58.

Royal Bank of Canada Stock Performance

Shares of RY stock opened at C$228.07 on Friday. The stock’s 50 day simple moving average is C$233.21 and its 200 day simple moving average is C$215.84. Royal Bank of Canada has a twelve month low of C$151.25 and a twelve month high of C$240.34. The company has a market capitalization of C$319.35 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 3.42 and a beta of 1.28.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Thursday, February 26th. The financial services provider reported C$4.08 EPS for the quarter. Royal Bank of Canada had a return on equity of 13.27% and a net margin of 28.23%.The company had revenue of C$17.96 billion for the quarter. On average, analysts forecast that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Insider Activity

In related news, Director David Ian Mckay sold 91,288 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of C$228.75, for a total transaction of C$20,882,130.00. Following the transaction, the director directly owned 5,873 shares in the company, valued at C$1,343,448.75. The trade was a 93.96% decrease in their ownership of the stock.

Key Headlines 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.