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TSE:RY

Royal Bank of Canada Stock Forecast, Price & News

C$127.17
+1.63 (+1.30%)
(As of 07/7/2022 10:27 AM ET)
Add
Compare
Today's Range
C$126.04
C$127.46
50-Day Range
C$123.35
C$133.09
52-Week Range
C$122.36
C$149.60
Volume
460,376 shs
Average Volume
3.85 million shs
Market Capitalization
C$178.31 billion
P/E Ratio
11.12
Dividend Yield
4.08%
Price Target
C$147.15

Royal Bank of Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
17.2% Upside
C$147.15 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.57mentions of Royal Bank of Canada in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$3.42 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.77 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Royal Bank of Canada 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.

RY Stock News Headlines

See More Headlines

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

Company Calendar

Ex-Dividend for 5/24 Dividend
4/22/2022
Dividend Payable
5/24/2022
Last Earnings
5/26/2022
Today
7/07/2022
Ex-Dividend for 8/24 Dividend
7/25/2022
Dividend Payable
8/24/2022
Next Earnings (Estimated)
8/24/2022

Price Target and Rating

Average Stock Price Forecast
C$147.15
High Stock Price Forecast
C$157.00
Low Stock Price Forecast
C$134.00
Forecasted Upside/Downside
+15.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85714285714286
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$50.42 billion
Cash Flow
C$532.31 per share
Book Value
C$69.20 per share

Miscellaneous

Outstanding Shares
1,402,108,000
Free Float
N/A
Market Cap
C$178.31 billion
Optionable
Optionable
Beta
N/A














Royal Bank of Canada Frequently Asked Questions

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

14 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 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Royal Bank of Canada stock.
View analyst ratings for Royal Bank of Canada
or view top-rated stocks.

What is Royal Bank of Canada's stock price forecast for 2022?

14 equities research analysts have issued twelve-month price objectives for Royal Bank of Canada's stock. Their RY stock forecasts range from C$134.00 to C$157.00. On average, they predict Royal Bank of Canada's share price to reach C$147.15 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
View analysts' price targets for Royal Bank of Canada
or view top-rated stocks among Wall Street analysts.

How has Royal Bank of Canada's stock 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 5.3% and is now trading at C$127.17.
View the best growth stocks for 2022 here
.

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

Royal Bank of Canada is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our earnings forecast for Royal Bank of Canada
.

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

Royal Bank of Canada (TSE:RY) issued its quarterly earnings results on Thursday, May, 26th. The financial services provider reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.32. The financial services provider had revenue of $11.22 billion for the quarter.
View Royal Bank of Canada's earnings history
.

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 26th. Stockholders 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 is Monday, July 25th. This is a positive change from Royal Bank of Canada's previous quarterly dividend of C$1.20.
View Royal Bank of Canada's dividend history
.

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 4.08%. RY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Royal Bank of Canada does not yet have a strong track record of dividend growth. The dividend payout ratio of Royal Bank of Canada is 39.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View Royal Bank of Canada's dividend history.

Who are Royal Bank of Canada's key executives?

Royal Bank of Canada's management team includes the following people:
  • Mr. David I. McKay, Pres, CEO & Director (Age 59, Pay $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, Chief Financial Officer (Age 51)
  • 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

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 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$127.17.

How much money does Royal Bank of Canada make?

Royal Bank of Canada (TSE:RY) has a market capitalization of C$178.31 billion and generates C$50.42 billion in revenue each year.

How many employees does Royal Bank of Canada have?

Royal Bank of Canada 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 Royal Bank of Canada 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 7/7/2022 by MarketBeat.com Staff

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