CAD167.66
0.21% today
Toronto, Sep 16, 08:45 pm CET
ISIN
CA7800871021
Symbol
RY
Sector
Industry

Royal Bank of Canada Target price 2024 - Analyst rating & recommendation

Royal Bank of Canada Classifications & Recommendation:

Buy
69%
Hold
25%
Sell
6%

Royal Bank of Canada Price Target

Target Price CAD170.62
Price CAD168.02
Potential
Number of Estimates 13
13 Analysts have issued a price target Royal Bank of Canada 2025 . The average Royal Bank of Canada target price is CAD170.62. This is higher than the current stock price. The highest price target is
CAD187.00 11.30%
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, the lowest is
CAD146.00 13.11%
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.
A rating was issued by 16 analysts: 11 Analysts recommend Royal Bank of Canada to buy, 4 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Royal Bank of Canada stock has an average upside potential 2025 of . Most analysts recommend the Royal Bank of Canada stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Oct '23 2024
Estimates
Revenue Billion CAD 116.92 57.22
77.44% 51.06%
Net Margin 12.71% 27.48%
46.54% 116.25%

10 Analysts have issued a sales forecast Royal Bank of Canada 2024 . The average Royal Bank of Canada sales estimate is

CAD57.2b
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. This is
56.18% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD57.6b 55.93%
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, the lowest is
CAD56.9b 56.41%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD117b 77.44%
2024
CAD57.2b 51.06%
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2025
CAD60.8b 6.23%
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2026
CAD64.1b 5.49%
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7 Royal Bank of Canada Analysts have issued a net profit forecast 2024. The average Royal Bank of Canada net profit estimate is

CAD15.7b
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. This is
1.12% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD16.2b 1.96%
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, the lowest is
CAD15.4b 2.93%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 CAD14.9b 5.14%
2024
CAD15.7b 5.84%
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2025
CAD17.6b 12.03%
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2026
CAD19.2b 9.23%
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Net Margin

2023 12.71% 46.54%
2024
27.48% 116.25%
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2025
28.98% 5.46%
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2026
30.01% 3.55%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Oct '23 2024
Estimates
Earnings Per Share CAD 10.51 11.12
5.14% 5.80%
P/E 15.10
EV/Sales 9.63

7 Analysts have issued a Royal Bank of Canada forecast for earnings per share. The average Royal Bank of Canada <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD11.12
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. This is
1.16% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD11.47 1.96%
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, the lowest is
CAD10.92 2.93%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 CAD10.51 5.14%
2024
CAD11.12 5.80%
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2025
CAD12.46 12.05%
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2026
CAD13.61 9.23%
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P/E ratio

Current 14.94 30.03%
2024
15.10 1.07%
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2025
13.48 10.73%
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2026
12.34 8.46%
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Based on analysts' sales estimates for 2024, the Royal Bank of Canada stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.22 6.84%
2024
9.63 128.09%
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2025
9.06 5.86%
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2026
8.59 5.21%
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P/S ratio

Current 1.82 16.67%
2024
4.15 128.21%
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2025
3.90 5.87%
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2026
3.70 5.21%
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