RY | 18 May 2024 | AI Stock Analysis & News

Royal Bank of Canada’s stock price target was raised by TD Securities, potentially impacting its stock price.

Stock AI’s forecasts:
🔴 -3.0% short-term ⬇️
🔴 -5.1% long-term ⬇️

Stock AI’s (RY) Forecast get (+7.0% Profit)

StockAI’s analysis delivers real-world results. On 13 February 2024, $RY ($94.33), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $100.9 (🟢7.0%). Buying RY on this signal yielded a +7.0% profit 💰💰.

RY-Royal Bank of Canada News

🟢 Royal Bank of Canada had its price target upped by TD Securities from C$153.00 to C$156.00, indicating positive sentiment from analysts.

🔴 RY announced a quarterly dividend, which could potentially lead to a decrease in stock price as it affects cash flow.

🟢 Jefferies Financial Group upgraded RY from a hold rating to a buy rating, suggesting optimism about the stock’s performance.

🔴 Royal Bank of Canada passed above its 200-day moving average, which may signal a short-term decrease in price due to potential resistance.

🟢 Lindbrook Capital LLC increased its holdings in RY, potentially indicating confidence in the stock’s future performance.

🔴 Headlands Technologies LLC decreased its stake in RY significantly, which could lead to a short-term decrease in price due to selling pressure.

The recent news surrounding Royal Bank of Canada stock has been a mix of positive and negative developments. While the price target upgrade and buy rating from analysts suggest a positive outlook for the stock, the announcement of a dividend and decreased stake by some investors could potentially put downward pressure on the stock price in the short term.

Investors may want to monitor how these factors play out in the coming weeks to get a clearer picture of RY’s future performance. It’s important to consider both the positive and negative news when making investment decisions to assess the overall impact on the stock price.

RY-Royal Bank of Canada Analyst Ratings

📈 Jefferies Financial Group upgraded Royal Bank of Canada (TSE:RY) from hold to buy with a price target of C$157.00.
📉 Summit Global Investments reduced their stake in Royal Bank of Canada (NYSE:RY) by 27.1% in the fourth quarter.
📈 Truist Financial Corp cut their stake in Royal Bank of Canada (TSE:RY) by 0.3% during the fourth quarter.

1. Jefferies Financial Group upgrades Royal Bank of Canada
2. Summit Global Investments reduces stake in Royal Bank of Canada
3. Truist Financial Corp cuts stake in Royal Bank of Canada


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

Hero Image

Get the same AI-powered insights for any stock you choose. It's easy!