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TSE:RY

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

C$134.67
+0.89 (+0.67%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
C$133.15
C$135.45
50-Day Range
C$118.08
C$134.83
52-Week Range
C$116.75
C$149.60
Volume
2.39 million shs
Average Volume
3.90 million shs
Market Capitalization
C$186.23 billion
P/E Ratio
12.27
Dividend Yield
3.83%
Price Target
C$143.42

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
8.0% Upside
C$145.42 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Royal Bank of Canada in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
C$1.56 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 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.

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RY Stock News Headlines

Should You Buy Royal Bank Stock Now?
Royal Bank To Buy HSBC Canada For $13.5 Billion
UPDATE 2-HSBC to sell Canada business to RBC for $10 bln
CSFB Raises Royal Bank of Canada (TSE:RY) Price Target to C$150.00
Better Buy: Royal Bank Stock or BCE Stock?
RBC to announce fourth quarter and fiscal 2022 results
See More Headlines
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RY Company Calendar

Ex-Dividend for 11/24 Dividend
10/25/2022
Dividend Payable
11/24/2022
Today
12/01/2022

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$145.42
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$130.50
Forecasted Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$48.92 billion
Cash Flow
C$503.25 per share
Book Value
C$69.44 per share

Miscellaneous

Outstanding Shares
1,382,867,000
Free Float
N/A
Market Cap
C$186.23 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?

13 Wall Street 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 11 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?

13 brokers have issued 1 year price objectives 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$145.42 in the next year. This suggests a possible upside of 8.0% 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 2022?

Royal Bank of Canada's stock was trading at C$134.25 at the beginning of 2022. Since then, RY shares have increased by 0.3% and is now trading at C$134.67.
View the best growth stocks for 2022 here
.

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

Royal Bank of Canada announced a quarterly dividend on Wednesday, November 30th. 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 3.92%. The ex-dividend date 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$4.76 per share and currently has a dividend yield of 3.83%. The dividend payout ratio is 43.35%. 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$134.67.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$186.23 billion and generates C$48.92 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 12/1/2022 by MarketBeat.com Staff