Royal Bank of Canada (TSE:RY) Price Target Raised to C$318.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price upped by Canaccord Genuity Group from C$310.00 to C$318.00 in a research note published on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods set a C$316.00 price objective on shares of Royal Bank of Canada and gave the company a “hold” rating in a research report on Friday, August 21st. Raymond James Financial raised their target price on shares of Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce lifted their target price on shares of Royal Bank of Canada from C$279.00 to C$311.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Desjardins lifted their target price on shares of Royal Bank of Canada from C$275.00 to C$320.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group boosted their price target on shares of Royal Bank of Canada from C$240.00 to C$268.00 in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$292.86.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$284.17 on Friday. The stock has a 50 day moving average of C$293.49 and a two-hundred day moving average of C$260.89. Royal Bank of Canada has a twelve month low of C$197.58 and a twelve month high of C$306.38. The stock has a market capitalization of C$393.41 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 3.42 and a beta of 1.05.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share (EPS) for the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%.The business had revenue of C$18.54 billion for the quarter. Equities analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were issued a $1.76 dividend. This represents a $7.04 dividend on an annualized basis and a yield of 2.5%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Monday, July 27th. Royal Bank of Canada’s dividend payout ratio is 41.49%.

Insider Activity at Royal Bank of Canada

In other news, insider Graeme Ashley Hepworth sold 1,459 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$279.97, for a total value of C$408,476.23. Also, insider Bruce Washington Ross sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$1,024,410.23. Following the completion of the sale, the insider owned 235 shares of the company’s stock, valued at C$65,792.95. This trade represents a 93.97% decrease in their position. In the last ninety days, insiders sold 352,767 shares of company stock worth $100,643,023.

Royal Bank of Canada News Roundup

Here are the key news stories impacting Royal Bank of Canada this week:

• Positive Sentiment: Record Q3 2026 earnings provided the main support. RBC reported C$4.28 in quarterly EPS and C$18.54 billion in revenue, with growth described as diversified across its businesses. Strong profitability, including a 15.95% return on equity, reinforces the bank’s earnings momentum. Royal Bank of Canada Reports Third Quarter 2026 Results
• Positive Sentiment: Analysts raised their outlooks following the results. Canaccord Genuity increased its price target from C$310 to C$318 and assigned a Buy rating. Scotia raised its target from C$311 to C$312 and maintained a Sector Outperform view. Both targets imply additional upside from recent levels. Royal Bank of Canada Analyst Ratings
• Positive Sentiment: TD remains bullish despite a small target reduction. TD lowered its price objective from C$307 to C$306 but retained a Buy rating, indicating that analysts continue to view RBC’s fundamentals favorably. Royal Bank of Canada Analyst Ratings
• Positive Sentiment: RBC’s recent dividend increase from $1.64 to $1.76 per share strengthens its shareholder-return appeal and signals management confidence in capital generation.
• Neutral Sentiment: Some investors argue that RBC’s strong performance is already reflected in its valuation. The bank trades at roughly 18.5 times earnings, so further gains may depend on continued earnings growth rather than multiple expansion. Royal Bank of Canada Another Record Quarter Same Valuation Problem
• Negative Sentiment: Insider Katherine Gibson sold 462 shares for approximately C$129,000, reducing her holdings by 61.44%. The transaction follows similar sales and may weigh slightly on sentiment, although it is not necessarily evidence of weakening business conditions. Royal Bank of Canada Insider Selling

Royal Bank of Canada Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.