S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
TSE:RY

Royal Bank of Canada - RY Stock Forecast, Price & News

C$126.47
+0.03 (+0.02%)
(As of 08/5/2022 08:50 PM ET)
Add
Compare
Today's Range
C$125.79
C$126.76
50-Day Range
C$118.63
C$133.09
52-Week Range
C$118.24
C$149.60
Volume
2.59 million shs
Average Volume
4.09 million shs
Market Capitalization
C$177.32 billion
P/E Ratio
11.06
Dividend Yield
4.05%
Price Target
C$147.15

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
16.4% Upside
C$147.15 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$3.32 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

RY stock logo

About Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital, mobile, and social platforms; independent brokers; and travel partners. Its Investor & Treasury Services segment provides asset servicing, custody, payments, and treasury services to financial and other investors; and fund and investment administration, shareholder, private capital, performance measurement and compliance monitoring, distribution, transaction banking, cash and liquidity management, foreign exchange, and global securities finance services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory services, sale, and trading services for corporations, institutional investors, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock traded up C$0.03 during mid-day trading on Friday, hitting C$126.47. 2,592,866 shares of the stock were exchanged, compared to its average volume of 4,087,869. Royal Bank of Canada has a 12 month low of C$118.24 and a 12 month high of C$149.60. The company has a 50-day simple moving average of C$126.16 and a 200 day simple moving average of C$133.51. The company has a market capitalization of C$177.32 billion and a P/E ratio of 11.06.

Royal Bank of Canada (TSE:RY - Get Rating) (NYSE:RY) last posted its quarterly earnings results on Thursday, May 26th. The financial services provider reported C$2.99 EPS for the quarter, topping analysts' consensus estimates of C$2.67 by C$0.32. The company had revenue of C$11.22 billion during the quarter. Analysts predict that Royal Bank of Canada will post 11.9500002 EPS for the current year.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Tuesday, July 26th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Monday, July 25th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.20. Royal Bank of Canada's payout ratio is 39.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. National Bankshares raised their target price on Royal Bank of Canada from C$147.00 to C$148.00 and gave the company an "outperform" rating in a report on Friday, May 27th. CIBC dropped their price target on Royal Bank of Canada from C$149.00 to C$146.00 in a research note on Tuesday, May 17th. Fundamental Research reiterated a "buy" rating and issued a C$142.00 price target on shares of Royal Bank of Canada in a research note on Wednesday, June 8th. TD Securities dropped their price target on Royal Bank of Canada from C$150.00 to C$145.00 and set a "buy" rating for the company in a research note on Friday, May 27th. Finally, Argus increased their price target on Royal Bank of Canada to C$157.00 and gave the company a "buy" rating in a research note on Tuesday, June 7th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$146.86.

Insider Buying and Selling

In other Royal Bank of Canada news, Senior Officer Helena Gottschling sold 405 shares of the business's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of C$126.27, for a total transaction of C$51,140.36. Following the sale, the insider now owns 1,373 shares of the company's stock, valued at approximately C$173,372.14. In other news, Senior Officer Helena Gottschling sold 405 shares of the business's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of C$126.27, for a total transaction of C$51,140.36. Following the completion of the transaction, the insider now directly owns 1,373 shares in the company, valued at approximately C$173,372.14. Also, Director David Ian Mckay sold 4,078 shares of the business's stock in a transaction on Friday, July 22nd. The shares were sold at an average price of C$124.42, for a total transaction of C$507,400.66. Following the transaction, the director now owns 5,873 shares of the company's stock, valued at C$730,741.56. In the last quarter, insiders have sold 26,637 shares of company stock valued at $3,324,992.

Receive RY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Royal Bank of Canada and its competitors with MarketBeat's FREE daily newsletter.

RY Stock News Headlines

Royal Bank of Canada Pref N (RY_pn)
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
TD And Royal Bank: Canada's About To Implode
See More Headlines
Receive RY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Royal Bank of Canada and its competitors with MarketBeat's FREE daily newsletter.

RY Company Calendar

Ex-Dividend for 5/24 Dividend
4/22/2022
Dividend Payable
5/24/2022
Last Earnings
5/26/2022
Ex-Dividend for 8/24 Dividend
7/25/2022
Today
8/07/2022
Dividend Payable
8/24/2022
Next Earnings (Estimated)
8/24/2022

Industry, Sector and Symbol

Industry
Banks - Global
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
85,211
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$147.15
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$134.00
Forecasted Upside/Downside
+16.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$50.42 billion
Cash Flow
C$524.77 per share
Book Value
C$69.20 per share

Miscellaneous

Outstanding Shares
1,402,108,000
Free Float
N/A
Market Cap
C$177.32 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. David I. McKay (Age 59)
    Pres, CEO & Director
    Comp: $5.64M
  • Mr. Douglas Antony Guzman
    Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Neil McLaughlin
    Group Head of Personal & Commercial Banking
  • Mr. Derek Neldner CFA
    Group Head & CEO of RBC Capital Markets
  • Ms. Nadine Ahn (Age 51)
    Chief Financial Officer
  • Mr. Bruce Ross
    Group Head of Technology & Operations
  • Ms. Gay Mitchell
    Deputy Chairman of RBC Wealth Management
  • Mr. Christoph Knoess
    Chief Admin. & Strategy Officer
  • Ms. Maria Douvas
    Chief Legal Officer
  • Ms. Amy Cairncross
    Sr. VP of Communications













RY Stock - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada
or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2022?

14 Wall Street research analysts have issued 1-year price objectives for Royal Bank of Canada's stock. Their RY stock forecasts range from C$134.00 to C$157.00. On average, they anticipate Royal Bank of Canada's stock price to reach C$147.15 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view top-rated stocks among Wall Street analysts.

How has Royal Bank of Canada's stock price performed in 2022?

Royal Bank of Canada's stock was trading at C$134.25 at the beginning of the year. Since then, RY shares have decreased by 5.8% and is now trading at C$126.47.
View the best growth stocks for 2022 here
.

When is Royal Bank of Canada's next earnings date?

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for Royal Bank of Canada
.

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (TSE:RY) released its earnings results on Thursday, May, 26th. The financial services provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $0.32. The financial services provider had revenue of $11.22 billion for the quarter.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada declared a quarterly dividend on Thursday, May 26th. Stockholders of record on Tuesday, July 26th will be paid a dividend of 1.28 per share on Wednesday, August 24th. This represents a $5.12 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, July 25th. This is a boost from Royal Bank of Canada's previous quarterly dividend of C$1.20.
View Royal Bank of Canada's dividend history
.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada(TSE:RY) pays an annual dividend of C$4.56 per share and currently has a dividend yield of 4.05%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Royal Bank of Canada does not yet have a strong track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 39.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View Royal Bank of Canada's dividend history.

What other stocks do shareholders of Royal Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), BCE (BCE), Manulife Financial (MFC), Suncor Energy (SU), TELUS (T) and National Bank of Canada (NA).

What is Royal Bank of Canada's stock symbol?

Royal Bank of Canada trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RY."

How do I buy shares of Royal Bank of Canada?

Shares of RY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Royal Bank of Canada's stock price today?

One share of RY stock can currently be purchased for approximately C$126.47.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$177.32 billion and generates C$50.42 billion in revenue each year.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada employs 85,211 workers across the globe.

How can I contact Royal Bank of Canada?

Royal Bank of Canada's mailing address is 1 Place Ville Marie Cp 6001 Succ Centre Ville, MONTREAL, QC H3C 3A9, Canada. The official website for Royal Bank of Canada is www.rbc.com. The financial services provider can be reached via phone at +1-416-9748393.

This page (TSE:RY) was last updated on 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.