CAD174.73
0.55% yesterday
Toronto, Nov 26, 09:31 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
85%
Hold
15%

Royal Bank of Canada Price Target

Target Price CAD183.77
Price CAD174.66
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 CAD183.77. This is higher than the current stock price. The highest price target is
CAD197.00 12.79%
register free of charge
, the lowest is
CAD146.00 16.41%
register free of charge
.
A rating was issued by 13 analysts: 11 Analysts recommend Royal Bank of Canada to buy, 2 to hold and 0 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

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Oct '23 2024
Estimates
Revenue Billion CAD 116.92 57.23
77.44% 51.05%
Net Margin 12.71% 27.59%
46.54% 117.11%

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

CAD57.2b
Unlock
. This is
56.18% lower
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD57.6b 55.93%
Unlock
, the lowest is
CAD56.9b 56.45%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD117b 77.44%
2024
CAD57.2b 51.05%
Unlock
2025
CAD60.9b 6.49%
Unlock
2026
CAD64.3b 5.52%
Unlock

7 Royal Bank of Canada Analysts have issued a net profit forecast 2024. The average Royal Bank of Canada net profit estimate is

CAD15.8b
Unlock
. This is
0.70% lower
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD16.1b 1.07%
Unlock
, the lowest is
CAD15.4b 2.93%
Unlock
.

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

Net Profit Estimates

2023 CAD14.9b 5.14%
2024
CAD15.8b 6.29%
Unlock
2025
CAD17.6b 11.23%
Unlock
2026
CAD19.5b 10.95%
Unlock

Net Margin

2023 12.71% 46.54%
2024
27.59% 117.11%
Unlock
2025
28.82% 4.46%
Unlock
2026
30.31% 5.17%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Oct '23 2024
Estimates
Earnings Per Share CAD 10.51 11.17
5.14% 6.28%
P/E 15.64
EV/Sales 9.79

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

CAD11.17
Unlock
. This is
0.71% lower
Unlock
than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD11.37 1.07%
Unlock
, the lowest is
CAD10.92 2.93%
Unlock
.

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

Earnings Per Share

2023 CAD10.51 5.14%
2024
CAD11.17 6.28%
Unlock
2025
CAD12.43 11.28%
Unlock
2026
CAD13.79 10.94%
Unlock

P/E ratio

Current 15.53 35.16%
2024
15.64 0.71%
Unlock
2025
14.06 10.10%
Unlock
2026
12.67 9.89%
Unlock

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 4.29 5.09%
2024
9.79 128.17%
Unlock
2025
9.19 6.09%
Unlock
2026
8.71 5.23%
Unlock

P/S ratio

Current 1.89 22.44%
2024
4.31 128.19%
Unlock
2025
4.05 6.10%
Unlock
2026
3.84 5.23%
Unlock

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today