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TSE:RY

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

C$127.84
-0.15 (-0.12%)
(As of 03/23/2023 12:27 PM ET)
Add
Compare
Today's Range
C$127.84
▼
C$129.10
50-Day Range
C$127.26
▼
C$139.55
52-Week Range
C$116.75
▼
C$142.27
Volume
641,792 shs
Average Volume
4.65 million shs
Market Capitalization
C$177.70 billion
P/E Ratio
12.15
Dividend Yield
4.13%
Price Target
C$145.05

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
12.6% Upside
C$145.05 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.45mentions of Royal Bank of Canada in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$1.12 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.

1.86 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

March 22, 2023 | americanbankingnews.com
Royal Bank of Canada (TSE:RY) Director David Ian Mckay Sells 4,130 Shares of Stock
March 20, 2023 | americanbankingnews.com
Analysts Set Royal Bank of Canada (TSE:RY) Target Price at C$145.05
March 23, 2023 | Oxford Club (Ad)
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
March 18, 2023 | finance.yahoo.com
Ukraine Grain Deal Renewed, Clearing Way for Continued Exports
March 18, 2023 | finance.yahoo.com
Royal Bank of Canada: Lowering Our Fair Value Estimate for Royal Bank of Canada Slightly After Q1 Earnings
March 17, 2023 | americanbankingnews.com
Fundamental Research Analysts Give Royal Bank of Canada (TSE:RY) a C$140.25 Price Target
March 13, 2023 | marketwatch.com
Royal Bank of Canada stock falls Monday, underperforms market
March 6, 2023 | finance.yahoo.com
RBC publishes 2022 Environmental, Social and Governance (ESG) Performance Report and Climate Report
March 23, 2023 | Oxford Club (Ad)
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
March 4, 2023 | finance.yahoo.com
Royal Bank of Canada's (TSE:RY) Dividend Will Be Increased To CA$1.32
March 3, 2023 | baystreet.ca
Royal Bank Forecasts A Moderate Recession In Canada
March 3, 2023 | finance.yahoo.com
Oil Set for Small Weekly Gain With Market Volatility Subdued
March 3, 2023 | finance.yahoo.com
Royal Bank of Canada (NYSE:RY) Q1 2023 Earnings Call Transcript
March 2, 2023 | markets.businessinsider.com
Analysts Have Conflicting Sentiments on These Financial Companies: Royal Bank Of Canada (RY), Northern (NTRS) and UWM Holding (UWMC)
March 1, 2023 | finance.yahoo.com
Royal Bank of Canada: Expenses Continue to Climb for Royal Bank of Canada in First-Quarter Results
March 1, 2023 | marketwatch.com
Royal Bank of Canada stock falls Wednesday, underperforms market
March 1, 2023 | baystreet.ca
Royal Bank’s Profit Falls 22% As Loan Loss Provisions Raised
March 1, 2023 | finance.yahoo.com
RBC Trading Rebound Counters Sluggish Retail-Banking Results
March 1, 2023 | msn.com
Royal Bank of Canada's quarterly profit falls
March 1, 2023 | msn.com
Royal Bank of Canada declares CAD 1.32 dividend
March 1, 2023 | msn.com
Royal Bank of Canada's quarterly profit falls on higher provisions
February 25, 2023 | finance.yahoo.com
11 Most Undervalued Financial Stocks To Buy According To Hedge Funds
February 24, 2023 | finance.yahoo.com
Anwar Seeks to Tax Vanity to Keep Malaysia Fiscally Sound
February 23, 2023 | finance.yahoo.com
Cash flow shock: Young Canadian adults struggling to reclaim their financial future as inflation takes its toll on their daily lives - RBC poll
February 22, 2023 | seekingalpha.com
RY.PRM:CA Royal Bank of Canada PFD SER BF
February 17, 2023 | msn.com
Why RBC Stock Is the Most Valuable Stock on the TSX Today
February 14, 2023 | finance.yahoo.com
RBC announces 2023 Future Launch Black Youth Scholarship recipients
See More Headlines
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RY Company Calendar

Ex-Dividend for 2/24 Dividend
1/25/2023
Dividend Payable
2/24/2023
Today
3/23/2023
Next Earnings (Estimated)
5/25/2023
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$145.05
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$130.50
Forecasted Upside/Downside
+13.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$10.52
Trailing P/E Ratio
12.17
Forward P/E Ratio
10.84
P/E Growth
2.32
Net Income
C$14.68 billion
Net Margins
29.76%
Pretax Margin
N/A
Return on Equity
14.23%
Return on Assets
0.81%

Debt

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

Sales & Book Value

Annual Sales
C$50.10 billion
Price / Sales
3.55
Cash Flow
C$536.42 per share
Price / Cash Flow
0.24
Book Value
C$72.58 per share
Price / Book
1.76

Miscellaneous

Outstanding Shares
1,390,000,000
Free Float
N/A
Market Cap
C$177.91 billion
Optionable
Optionable
Beta
0.73

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?

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 1 hold rating and 10 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 Wall Street research analysts have issued 12 month 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 expect the company's share price to reach C$145.05 in the next year. This suggests a possible upside of 13.3% 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 2023?

Royal Bank of Canada's stock was trading at C$127.30 at the start of the year. Since then, RY shares have increased by 0.5% and is now trading at C$127.99.
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, May 25th 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 announced a quarterly dividend on Wednesday, March 1st. Investors of record on Tuesday, April 25th will be paid a dividend of 1.32 per share on Wednesday, May 24th. This represents a $5.28 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Monday, April 24th.
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$5.28 per share and currently has a dividend yield of 4.11%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.19%. 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$127.99.

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$50.10 billion in revenue each year. The financial services provider earns C$14.68 billion in net income (profit) each year or C$10.52 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 3/23/2023 by MarketBeat.com Staff