National Bank analyst Gabriel Dechaine has raised the price target on Royal Bank of Canada (RY) to C$180 from C$177, maintaining a Sector Perform rating. The move is based on the analyst's confidence in the bank's solid financial performance and growth prospects.
National Bank analyst Gabriel Dechaine has recently raised the price target for Royal Bank of Canada (RY) to C$180, up from C$177, while maintaining a Sector Perform rating. This move reflects Dechaine's confidence in the bank's solid financial performance and growth prospects [2].
The new price target suggests a potential upside of 1.14% from the stock's previous close. The change comes amidst a broader bullish sentiment among analysts, with the consensus rating for Royal Bank of Canada remaining "Buy," as reported by MarketBeat [1].
In addition to National Bank's update, several other analysts have also raised their price targets for Royal Bank of Canada. For instance, Desjardins analysts increased their target price from C$185.00 to C$193.00, indicating a potential upside of 3.10% [1]. Jefferies Financial Group raised their target price from C$198.00 to C$207.00, suggesting a potential upside of 10.58% [2].
Royal Bank of Canada has been the subject of significant insider trading activity, with directors and senior officers selling a total of 63,039 shares worth $11,175,413 over the last three months [2].
The stock has shown resilience, with shares trading up C$1.46 during mid-day trading on Wednesday, reaching C$187.19. The company's one-year low is C$149.99, and the one-year high is C$187.29. The firm has a market cap of C$264.87 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 3.42, and a beta of 0.84 [1].
References:
[1] https://www.marketbeat.com/instant-alerts/royal-bank-of-canada-tsery-stock-price-expected-to-rise-desjardins-analyst-says-2025-08-13/
[2] https://www.marketbeat.com/instant-alerts/royal-bank-of-canada-tsery-price-target-raised-to-c20700-2025-08-13/
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