Royal Bank of Canada (TSE:RY) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: Royal Bank of Canada shares climbed above their 200‑day moving average (C$225.33), trading as high as C$245.43 and last at C$244.20, while analysts have raised targets and the consensus rating is a Moderate Buy with a C$244.58 price target.
• Solid fundamentals: the bank reported quarterly EPS of C$4.08 on C$17.96 billion of revenue, has a market cap of C$339.56 billion and a P/E of 16.77 with ROE of 15.37%, suggesting reasonable valuation for its earnings profile.
• Income and insider activity: RBC announced a quarterly dividend of C$1.64 (annualized C$6.56, yield 2.7%; ex‑dividend April 23, pay date May 22), while insiders have been net sellers, offloading 29,110 shares (~C$7.07M) in the last quarter.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY's share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$225.33 and traded as high as C$245.43. Royal Bank of Canada shares last traded at C$244.20, with a volume of 1,514,570 shares trading hands.

Wall Street Analysts Forecast Growth

RY has been the topic of several recent analyst reports. Raymond James Financial increased their price target on shares of Royal Bank of Canada from C$255.00 to C$260.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Canaccord Genuity Group increased their target price on shares of Royal Bank of Canada from C$242.00 to C$255.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. National Bank Financial increased their target price on shares of Royal Bank of Canada from C$241.00 to C$247.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. TD Securities dropped their target price on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Royal Bank of Canada from C$229.00 to C$242.00 and gave the company a "neutral" rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$244.58.

Royal Bank of Canada Trading Down 0.0%

The company has a market cap of C$339.56 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 3.42 and a beta of 1.07. The company's 50 day moving average price is C$230.93 and its 200 day moving average price is C$225.33.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last released its earnings results on Thursday, February 26th. The financial services provider reported C$4.08 EPS for the quarter. Royal Bank of Canada had a net margin of 20.88% and a return on equity of 15.37%. The company had revenue of C$17.96 billion during the quarter. Sell-side analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd will be issued a $1.64 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a yield of 2.7%. Royal Bank of Canada's dividend payout ratio (DPR) is 42.58%.

Insider Buying and Selling

In other Royal Bank of Canada news, insider Bruce Washington Ross sold 3,657 shares of the firm's stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of C$242.82, for a total value of C$887,992.74. Following the completion of the sale, the insider owned 235 shares of the company's stock, valued at approximately C$57,062.70. This trade represents a 93.96% decrease in their ownership of the stock. Also, insider Katherine Gibson sold 462 shares of the business's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of C$242.82, for a total transaction of C$112,182.84. Following the sale, the insider directly owned 290 shares in the company, valued at approximately C$70,417.80. This represents a 61.44% decrease in their position. Insiders have sold 29,110 shares of company stock valued at $7,068,490 in the last quarter.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.

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