Royal Bank of Canada (TSE:RY) Price Target Raised to C$324.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective boosted by Keefe, Bruyette & Woods from C$316.00 to C$324.00 in a report issued on Monday,BayStreet reports.

RY has been the topic of a number of other reports. National Bank Financial boosted their price target on shares of Royal Bank of Canada from C$318.00 to C$321.00 and gave the stock an “outperform” rating in a report on Sunday. Barclays raised their price objective on shares of Royal Bank of Canada from C$260.00 to C$300.00 in a report on Friday, August 21st. Canadian Imperial Bank of Commerce lifted their price objective on shares of Royal Bank of Canada from C$279.00 to C$311.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Raymond James Financial boosted their target price on shares of Royal Bank of Canada from C$270.50 to C$306.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Finally, Canaccord Genuity Group increased their target price on shares of Royal Bank of Canada from C$310.00 to C$318.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$293.43.

Royal Bank of Canada Stock Performance

Shares of TSE RY opened at C$287.89 on Monday. The stock has a market cap of C$398.56 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.42 and a beta of 1.05. Royal Bank of Canada has a fifty-two week low of C$199.17 and a fifty-two week high of C$306.38. The firm’s 50-day simple moving average is C$293.31 and its 200 day simple moving average is C$261.95.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share (EPS) for the quarter. The business had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a net margin of 15.92% and a return on equity of 16.11%. On average, sell-side analysts predict that Royal Bank of Canada will post 12.3454675 EPS 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 dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, July 27th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s payout ratio is presently 41.49%.

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, insider Neil Mclaughlin sold 4,000 shares of Royal Bank of Canada stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$287.72, for a total transaction of C$1,150,880.00. Also, Director David Ian Mckay sold 133,130 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$287.21, for a total transaction of C$38,236,267.30. Following the completion of the sale, the director directly owned 5,873 shares in the company, valued at approximately C$1,686,784.33. The trade was a 95.77% decrease in their ownership of the stock. Insiders sold 352,767 shares of company stock valued at $100,643,023 over the last three months.

More Royal Bank of Canada News

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

• Positive Sentiment: Strong Q3 performance supports the stock. Royal Bank of Canada exceeded third-quarter earnings expectations, with revenue rising 9.1%. The bank maintained a solid 13.5% CET1 capital ratio and declared a C$1.76 dividend, reinforcing its earnings and capital-return profile. What’s Going On With Royal Bank of Canada Stock Tuesday?
• Positive Sentiment: Analysts raised their price targets and ratings. Desjardins initiated or reiterated a “buy” rating with a C$320 target, implying about 12% upside from the cited C$285.84 reference price. Keefe, Bruyette & Woods lifted its target to C$324, while National Bank Financial raised its target to C$321. The revisions signal greater confidence in RBC’s earnings outlook and valuation. Desjardins Raises Royal Bank of Canada Price Target KBW Raises Royal Bank of Canada Price Target National Bank Financial Raises Royal Bank of Canada Price Target
• Positive Sentiment: Higher future EPS forecasts add support. Erste Group raised its FY2026 EPS estimate to $17.84 from $16.08 and its FY2027 estimate to $19.05 from $17.51, suggesting expectations for sustained earnings growth.
• Neutral Sentiment: RBC plans to redeem NVCC subordinated debentures. The redemption is a capital-management action that may reduce outstanding subordinated funding, but the announcement alone provides limited information about its effect on earnings or valuation. Royal Bank of Canada to Redeem NVCC Subordinated Debentures

About Royal Bank of Canada

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.