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TSE:RY

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

C$136.95
+0.79 (+0.58%)
(As of 02/1/2023 11:28 AM ET)
Add
Compare
Today's Range
C$135.71
C$137.28
50-Day Range
C$126.76
C$136.16
52-Week Range
C$116.75
C$148.26
Volume
553,727 shs
Average Volume
5.78 million shs
Market Capitalization
C$189.38 billion
P/E Ratio
12.38
Dividend Yield
3.89%
Price Target
C$144.92

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
5.7% Upside
C$144.92 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Royal Bank of Canada in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$1.10 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.

1.64 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. 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

Canadian DB pension plans return -10.3% in 2022
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Why Is Royal Bank of Canada's Dividend So High?
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Royal Bank Of Canada: Not Yet
Royal Bank of Canada Pref O (RY_po)
Better TFSA Buy: Royal Bank Stock or a GIC?
Should You Buy Royal Bank Stock Now?
Royal Bank To Buy HSBC Canada For $13.5 Billion
See More Headlines
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RY Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2022
Dividend Payable
11/24/2022
Last Earnings
11/30/2022
Ex-Dividend for 2/24 Dividend
1/25/2023
Today
2/01/2023
Next Earnings (Estimated)
2/23/2023
Dividend Payable
2/24/2023

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$144.92
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$130.50
Forecasted Upside/Downside
+5.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$48.50 billion
Cash Flow
C$573.97 per share
Book Value
C$72.85 per share

Miscellaneous

Outstanding Shares
1,382,867,000
Free Float
N/A
Market Cap
C$189.38 billion
Optionable
Optionable
Beta
N/A

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













RY Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities 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?

11 brokers have issued 1-year target prices for Royal Bank of Canada's shares. Their RY share price forecasts range from C$130.50 to C$157.00. On average, they predict the company's stock price to reach C$144.92 in the next year. This suggests a possible upside of 6.4% 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 on January 1st, 2023. Since then, RY shares have increased by 7.0% and is now trading at C$136.16.
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 Thursday, February 23rd 2023.
View our RY earnings forecast
.

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

Royal Bank of Canada (TSE:RY) issued its quarterly earnings data on Wednesday, November, 30th. The financial services provider reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.07. The financial services provider earned $12.57 billion during 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 Wednesday, January 25th. Investors of record on Thursday, January 26th will be given a dividend of 1.32 per share on Friday, February 24th. This represents a $5.28 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, January 25th. This is a boost from the stock's previous quarterly dividend of C$1.28.
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$4.96 per share and currently has a dividend yield of 3.89%. The dividend payout ratio is 44.85%. 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$136.16.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$188.29 billion and generates C$48.50 billion in revenue each year.

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 2/1/2023 by MarketBeat.com Staff