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TSE:RY

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

C$127.48
+0.59 (+0.46%)
(As of 08/12/2022 11:34 AM ET)
Add
Compare
Today's Range
C$126.93
C$127.73
50-Day Range
C$118.63
C$133.09
52-Week Range
C$118.24
C$149.60
Volume
319,605 shs
Average Volume
4.05 million shs
Market Capitalization
C$178.74 billion
P/E Ratio
11.14
Dividend Yield
4.03%
Price Target
C$145.07

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
13.8% Upside
C$145.07 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.42mentions of Royal Bank of Canada in the last 14 days
Based on 12 Articles This Week
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.

2.24 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 Price Performance

RY Stock opened at C$126.89 on Friday. The stock has a market capitalization of C$177.91 billion and a P/E ratio of 11.09. The business has a 50-day moving average of C$125.72 and a 200-day moving average of C$133.17. Royal Bank of Canada has a fifty-two week low of C$118.24 and a fifty-two week high of C$149.60.

Royal Bank of Canada (TSE:RY - Get Rating) (NYSE:RY) last posted its quarterly earnings data on Thursday, May 26th. The financial services provider reported C$2.99 earnings per share for the quarter, topping the consensus estimate of C$2.67 by C$0.32. The firm had revenue of C$11.22 billion for the quarter. Equities analysts expect 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 given a dividend of $1.28 per share. The ex-dividend date is Monday, July 25th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.20. This represents a $5.12 annualized dividend and a yield of 4.03%. Royal Bank of Canada's dividend payout ratio is 39.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on RY shares. CIBC decreased their price target on Royal Bank of Canada from C$149.00 to C$146.00 in a research note on Tuesday, May 17th. TD Securities reduced their price objective on Royal Bank of Canada from C$150.00 to C$145.00 and set a "buy" rating on the stock in a research note on Friday, May 27th. Keefe, Bruyette & Woods lowered Royal Bank of Canada from a "market perform" rating to an "underperform" rating and reduced their price objective for the stock from C$132.00 to C$118.00 in a research note on Monday. Scotiabank reduced their price objective on Royal Bank of Canada from C$150.00 to C$147.00 in a research note on Friday, May 20th. Finally, CSFB set a C$153.00 price objective on Royal Bank of Canada and gave the stock an "outperform" rating in a research note on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$144.93.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, Director David Ian Mckay sold 4,077 shares of the company's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of C$127.00, for a total value of C$517,795.31. Following the sale, the director now owns 5,873 shares in the company, valued at C$745,894.49. In other Royal Bank of Canada news, Director David Ian Mckay sold 4,077 shares of the company's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of C$127.00, for a total value of C$517,795.31. Following the sale, the director now owns 5,873 shares in the company, valued at C$745,894.49. Also, Senior Officer Bruce Washington Ross sold 14,000 shares of the company's stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of C$123.81, for a total value of C$1,733,404.40. Following the completion of the sale, the insider now owns 235 shares in the company, valued at approximately C$29,096.43. Over the last ninety days, insiders sold 26,637 shares of company stock valued at $3,324,992.

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RY Stock News Headlines

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TD And Royal Bank: Canada's About To Implode
See More Headlines
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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
8/12/2022
Dividend Payable
8/24/2022
Next Earnings (Confirmed)
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$145.07
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$118.00
Forecasted Upside/Downside
+13.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
15 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$50.42 billion
Cash Flow
C$528.96 per share
Book Value
C$69.20 per share

Miscellaneous

Outstanding Shares
1,402,108,000
Free Float
N/A
Market Cap
C$178.74 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?

15 Wall Street equities 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 12 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 2022?

15 equities research analysts have issued 12-month price objectives for Royal Bank of Canada's shares. Their RY share price forecasts range from C$118.00 to C$157.00. On average, they expect the company's stock price to reach C$145.07 in the next twelve months. This suggests a possible upside of 14.3% 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 on January 1st, 2022. Since then, RY shares have decreased by 5.5% and is now trading at C$126.89.
View the best growth stocks for 2022 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 24th 2022.
View our RY earnings forecast
.

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

Royal Bank of Canada (TSE:RY) released its quarterly earnings results on Thursday, May, 26th. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 announced a quarterly dividend on Thursday, May 26th. Shareholders of record on Tuesday, July 26th will be given a dividend of 1.28 per share on Wednesday, August 24th. This represents a $5.12 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Monday, July 25th. This is a boost from the stock's previous quarterly dividend of C$1.20.
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$4.56 per share and currently has a dividend yield of 4.07%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.86%. 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$126.89.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$177.91 billion and generates C$50.42 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 8/12/2022 by MarketBeat.com Staff

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