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TSE:RY

Royal Bank of Canada (RY) Stock Forecast, Price & News

C$124.06
+2.47 (+2.03%)
(As of 06/2/2023 ET)
Compare
Today's Range
C$122.09
▼
C$124.26
50-Day Range
C$121.43
▼
C$135.30
52-Week Range
C$116.75
▼
C$140.18
Volume
3.44 million shs
Average Volume
4.66 million shs
Market Capitalization
C$172.44 billion
P/E Ratio
11.80
Dividend Yield
4.35%
Price Target
C$137.70
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
11.0% Upside
C$137.70 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.08mentions of Royal Bank of Canada in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
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.

1.86 out of 5 stars

See Top Rated MarketRank™ Stocks Here

RY stock logo

About Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada operates as a diversified financial service company. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury, and Capital Markets. The Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions, as well as indirect lending, including auto financing; 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. The 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 Insurance segment offers life, health, wealth, home, auto, travel, annuities, and reinsurance advice and solutions through its advice centers, RBC insurance stores, mobile advisors, and digital platforms, as well as independent brokers and partners. The Investor & Treasury Services segment provides custody, fund administration, shareholder, private capital, transaction banking, cash and liquidity management, foreign exchange, securities finance, and treasury services. The Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, advisory, 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.

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RY Stock News Headlines

May 31, 2023 | finance.yahoo.com
RBC Global Infrastructure Fund LP raises over $600 million in first closing, exceeding commitment targets
May 31, 2023 | americanbankingnews.com
Royal Bank of Canada to Post Q3 2023 Earnings of $2.68 Per Share, National Bank Financial Forecasts (TSE:RY)
June 2, 2023 | Legacy Research (Affiliate) (Ad)
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
May 30, 2023 | finance.yahoo.com
Youthful Cities 2023 Urban Work Index ranks Toronto as top city for youth to work in Canada
May 30, 2023 | americanbankingnews.com
Royal Bank of Canada Expected to Earn FY2023 Earnings of $11.35 Per Share (TSE:RY)
May 30, 2023 | americanbankingnews.com
Cormark Weighs in on Royal Bank of Canada's Q3 2023 Earnings (TSE:RY)
May 29, 2023 | americanbankingnews.com
Scotiabank Trims Royal Bank of Canada (TSE:RY) Target Price to C$143.00
May 29, 2023 | americanbankingnews.com
CIBC Cuts Royal Bank of Canada (TSE:RY) Price Target to C$139.00
June 2, 2023 | Legacy Research (Affiliate) (Ad)
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
May 29, 2023 | americanbankingnews.com
CSFB Trims Royal Bank of Canada (TSE:RY) Target Price to C$141.00
May 29, 2023 | americanbankingnews.com
Bank of America Cuts Royal Bank of Canada (TSE:RY) Price Target to C$130.00
May 29, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) PT Lowered to C$141.00 at Credit Suisse Group
May 29, 2023 | americanbankingnews.com
National Bank Financial Cuts Royal Bank of Canada (TSE:RY) Price Target to C$136.00
May 28, 2023 | finance.yahoo.com
Royal Bank of Canada's (TSE:RY) Dividend Will Be Increased To CA$1.35
May 28, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) Price Target Cut to C$122.00
May 27, 2023 | americanbankingnews.com
Royal Bank of Canada (RY) to Issue Quarterly Dividend of $1.35 on August 24th
May 27, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) Price Target Lowered to C$142.00 at Cormark
May 27, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) Price Target Lowered to C$136.00 at National Bankshares
May 27, 2023 | americanbankingnews.com
FY2023 EPS Estimates for Royal Bank of Canada (TSE:RY) Lifted by Analyst
May 25, 2023 | americanbankingnews.com
Cormark Comments on Royal Bank of Canada's Q2 2023 Earnings (TSE:RY)
May 23, 2023 | americanbankingnews.com
Royal Bank of Canada (RY) Set to Announce Earnings on Thursday
May 21, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) PT Lowered to C$142.00
May 21, 2023 | americanbankingnews.com
Royal Bank of Canada Expected to Earn Q2 2023 Earnings of $2.88 Per Share (TSE:RY)
May 19, 2023 | theglobeandmail.com
Closing Bell: Royal Bank of Canada down on Friday (RY)
May 19, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) Given New C$142.00 Price Target at National Bank Financial
May 19, 2023 | americanbankingnews.com
CSFB Trims Royal Bank of Canada (TSE:RY) Target Price to C$149.00
May 18, 2023 | benzinga.com
Death Cross Looms Over Royal Bank of Canada Investors
See More Headlines

RY Price History

RY Company Calendar

Ex-Dividend for 5/24 Dividend
4/24/2023
Dividend Payable
5/24/2023
Today
6/02/2023
Next Earnings (Estimated)
8/23/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Banks - Global
Sub-Industry
N/A
Sector
Finance
Current Symbol
TSE:RY
CUSIP
N/A
CIK
N/A
Web
www.rbc.com
Phone
+1-416-9748393
Fax
N/A
Employees
85,211
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$137.70
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$122.00
Forecasted Upside/Downside
+11.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$10.51
Trailing P/E Ratio
11.80
Forward P/E Ratio
10.58
P/E Growth
4.62
Net Income
C$14.06 billion
Net Margins
27.81%
Pretax Margin
N/A
Return on Equity
13.28%
Return on Assets
0.76%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
N/A
Quick Ratio
N/A

Sales & Book Value

Annual Sales
C$51.46 billion
Price / Sales
3.35
Cash Flow
C$519.95 per share
Price / Cash Flow
0.24
Book Value
C$73.51 per share
Price / Book
1.69

Miscellaneous

Outstanding Shares
1,390,000,000
Free Float
N/A
Market Cap
C$172.44 billion
Optionable
Optionable
Beta
0.74

Key Executives

  • Mr. David I. McKayMr. David I. McKay (Age 59)
    Pres, CEO & Director
    Comp: $5.64M
  • Mr. Neil McLaughlin
    Group Head of Personal & Commercial Banking
  • Mr. Douglas Antony Guzman
    Group Head of Wealth Management, Insurance, Investor & Treasury Services
  • Mr. Derek Neldner CFAMr. 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
  • Mr. Asim Imran
    VP & Head of Investor Relations
  • Ms. Maria Douvas
    Chief Legal Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













RY Stock - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RY shares.
View RY analyst ratings or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2023?

9 equities research analysts have issued 1-year price targets for Royal Bank of Canada's stock. Their RY share price forecasts range from C$122.00 to C$157.00. On average, they expect the company's share price to reach C$137.70 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.

How have RY shares performed in 2023?

Royal Bank of Canada's stock was trading at C$127.30 at the beginning of 2023. Since then, RY shares have decreased by 2.5% and is now trading at C$124.06.
View the best growth stocks for 2023 here.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 23rd 2023.
View our RY earnings forecast.

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 25th. Shareholders of record on Wednesday, July 26th will be given a dividend of 1.35 per share on Thursday, August 24th. This represents a $5.40 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Tuesday, July 25th. This is an increase from the stock's previous quarterly dividend of C$1.32.
Read our dividend analysis for RY.

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (TSE:RY) pays an annual dividend of C$5.40 per share and currently has a dividend yield of 4.39%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RY.

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$124.06.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$172.44 billion and generates C$51.46 billion in revenue each year. The financial services provider earns C$14.06 billion in net income (profit) each year or C$10.51 on an earnings per share basis.

How many employees does Royal Bank of Canada have?

The company 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 the company 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 6/2/2023 by MarketBeat.com Staff

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