Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Royal Bank of Canada (NYSE: RY) weakened during the last several trading days. RY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/15/23, Royal Bank of Canada (NYSE: RY) stock rose modestly by 0.6%, closing at $98.16. Moreover, unusually high trading volume at 150% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 7.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RY is expected to continue to be an important Value Builder.
Royal Bank of Canada has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Royal Bank of Canada has a very high Appreciation Score of 86 but a slightly negative Power Rating of 39, triggering the High Neutral Value Trend Rating.
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