Weekly Investment Analysts’ Ratings Changes for Royal Bank of Canada (RY)

A number of research firms have changed their ratings and price targets for Royal Bank of Canada (TSE: RY):

• 12/5/2024 – Royal Bank of Canada had its price target lowered by analysts at BMO Capital Markets from C$195.00 to C$193.00.
• 12/5/2024 – Royal Bank of Canada had its price target raised by analysts at Canaccord Genuity Group Inc. from C$188.00 to C$191.00.
• 12/5/2024 – Royal Bank of Canada had its price target raised by analysts at National Bankshares, Inc. from C$181.00 to C$188.00.
• 11/26/2024 – Royal Bank of Canada had its price target raised by analysts at CIBC from C$167.00 to C$176.00.
• 11/25/2024 – Royal Bank of Canada had its price target raised by analysts at Scotiabank from C$167.00 to C$197.00.
• 11/21/2024 – Royal Bank of Canada was upgraded by analysts at Barclays PLC from a “hold” rating to a “strong-buy” rating.
• 11/20/2024 – Royal Bank of Canada had its price target raised by analysts at National Bankshares, Inc. from C$169.00 to C$181.00.
• 11/19/2024 – Royal Bank of Canada had its price target raised by analysts at Canaccord Genuity Group Inc. from C$172.00 to C$188.00.
• 11/18/2024 – Royal Bank of Canada had its price target raised by analysts at BMO Capital Markets from C$165.00 to C$195.00.
• 11/15/2024 – Royal Bank of Canada was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$180.00 price target on the stock, up previously from C$178.00.

Royal Bank of Canada Stock Performance

TSE RY opened at C$178.47 on Wednesday. The company has a market capitalization of C$251.64 billion, a P/E ratio of 15.81, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a one year low of C$124.49 and a one year high of C$180.45. The stock has a 50 day moving average price of C$172.06 and a 200-day moving average price of C$159.40.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 3.32%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s dividend payout ratio is presently 50.31%.

Insider Activity at Royal Bank of Canada

In related news, Senior Officer Douglas Antony Guzman sold 17,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$167.95, for a total transaction of C$2,855,150.00. Following the sale, the insider now owns 25 shares in the company, valued at approximately C$4,198.75. This represents a 99.85 % decrease in their position. In the last 90 days, insiders have sold 34,648 shares of company stock worth $5,811,275.

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.