Raymond James Financial Boosts Royal Bank of Canada (TSE:RY) Price Target to C$260.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective raised by stock analysts at Raymond James Financial from C$255.00 to C$260.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Raymond James Financial’s price objective points to a potential upside of 14.00% from the stock’s current price.

A number of other equities research analysts have also weighed in on RY. Barclays lifted their target price on shares of Royal Bank of Canada from C$244.00 to C$245.00 in a research note on Friday. National Bank Financial raised their price objective on shares of Royal Bank of Canada from C$241.00 to C$247.00 and gave the stock an “outperform” rating in a report on Friday. TD Securities cut their price objective on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating on the stock in a research report on Friday. Canadian Imperial Bank of Commerce upped their target price on Royal Bank of Canada from C$229.00 to C$242.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, UBS Group increased their target price on Royal Bank of Canada from C$225.00 to C$238.00 in a research report on Tuesday, November 25th. One research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$244.58.

Royal Bank of Canada Stock Down 1.8%

Shares of Royal Bank of Canada stock opened at C$228.07 on Friday. The company has a market cap of C$319.35 billion, a PE ratio of 16.21, a P/E/G ratio of 3.42 and a beta of 1.28. The business has a 50 day moving average of C$233.21 and a 200 day moving average of C$215.84. Royal Bank of Canada has a 52 week low of C$151.25 and a 52 week high of C$240.34.

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

Insiders Place Their Bets

In other Royal Bank of Canada news, Director David Ian Mckay sold 91,288 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of C$228.75, for a total transaction of C$20,882,130.00. Following the completion of the transaction, the director owned 5,873 shares of the company’s stock, valued at approximately C$1,343,448.75. This trade represents 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.