- RBC Global Asset Management is set to terminate four ETFs around September 12.
- Analysts predict a 6.01% upside for Royal Bank of Canada with an average target price of $135.63.
- GuruFocus estimates a potential downside of 7.55% for the stock's fair value, pegged at $118.28.
RBC Global Asset Management, a division of the Royal Bank of Canada (RY), has announced the impending termination of four specific exchange-traded funds. These closures are expected to take effect around September 12, impacting the following ETFs: RBC U.S. Banks Yield Index ETF (RUBY:CA), RBC U.S. Banks Yield (CAD Hedged) Index ETF, RBC Quant Emerging Markets Dividend Leaders ETF, and RBC PH&N Short Term Canadian Bond ETF.
Wall Street Analysts' Forecast
Royal Bank of Canada (RY, Financial) has garnered attention with a one-year price target set by five analysts, averaging at $135.63. The high estimate stands at $140.32, while the low is pinned at $130.05. This suggests a potential upside of 6.01% from the current stock price of $127.94. You can explore these in greater detail on the Royal Bank of Canada (RY) Forecast page.
Further insights from five brokerage firms collectively propose an "Outperform" status for Royal Bank of Canada, with an average recommendation score of 1.6. On the recommendation scale where 1.0 represents a Strong Buy and 5.0 denotes a Sell, this places RY in a favorable position.
GuruFocus GF Value Estimation
When considering the GF Value, GuruFocus estimates Royal Bank of Canada's fair value in a year's time to be around $118.28. This estimation indicates a potential downside of 7.55% from its current trading price of $127.94. The GF Value is a proprietary evaluation, derived from historical stock multiples, previous business growth metrics, and projected future performance. For more comprehensive data, visit the Royal Bank of Canada (RY, Financial) Summary page.
