Desjardins set a C$320.00 price target on Royal Bank of Canada (TSE:RY – Free Report) (NYSE:RY) in a report issued on Wednesday,BayStreet reports. The firm currently has a buy rating on the financial services provider’s stock.
Several other research firms also recently issued reports on RY. Raymond James Financial boosted their price objective 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. Barclays lifted their target price on shares of Royal Bank of Canada from C$260.00 to C$300.00 in a report on Friday, August 21st. Scotia upped their price target on shares of Royal Bank of Canada from C$311.00 to C$312.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 28th. TD lowered their price target on Royal Bank of Canada from C$307.00 to C$306.00 and set a “buy” rating for the company in a report on Friday, August 28th. Finally, Keefe, Bruyette & Woods raised their price objective on Royal Bank of Canada from C$316.00 to C$324.00 in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Bank of Canada has a consensus rating of “Moderate Buy” and an average price target of C$292.86.
Get Our Latest Stock Report on RY
Royal Bank of Canada Price Performance
Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last posted 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 net margin of 15.92% and a return on equity of 16.11%. The firm had revenue of C$18.54 billion during the quarter. On average, equities research analysts expect that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.
Royal Bank of Canada Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors 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 dividend payout ratio (DPR) is 41.49%.
Insider Activity
In other Royal Bank of Canada news, insider Kelly Bradley sold 1,644 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$283.03, for a total value of C$465,301.32. Following the transaction, the insider owned 1,043 shares in the company, valued at C$295,200.29. The trade was a 61.18% decrease in their position. Also, insider Katherine Gibson sold 462 shares of the company’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$129,346.14. Following the completion of the transaction, the insider directly owned 290 shares of the company’s stock, valued at approximately C$81,191.30. The trade was a 61.44% decrease in their ownership of the stock. Insiders have sold a total of 333,067 shares of company stock worth $95,538,273 over the last three months.
Royal Bank of Canada News Roundup
Here are the key news stories impacting Royal Bank of Canada this week:
- Positive Sentiment: Desjardins set a C$320 price target for Royal Bank of Canada, implying further upside from recent trading levels and signaling confidence in the bank’s valuation and earnings outlook. Royal Bank of Canada price target set at C$320 by Desjardins
- Positive Sentiment: Erste Group Bank raised its fiscal 2026 earnings-per-share forecast for Royal Bank of Canada. Higher estimates can support investor expectations for stronger profitability and potentially improve the bank’s valuation outlook. TSE:RY fiscal 2026 EPS forecast raised by Erste Group Bank
- Neutral Sentiment: Royal Bank of Canada plans to redeem its non-viability contingent capital (NVCC) subordinated debentures. The move may reflect routine balance-sheet and capital management, although investors will assess its effect on funding costs and regulatory capital.
- Neutral Sentiment: Jefferies raised its price target from C$268 to C$271, but the target remains below the recent share price, indicating that the firm still sees limited near-term upside.
- Neutral Sentiment: Canadian Imperial Bank of Commerce lowered its target from C$311 to C$300 and maintained a “neutral” rating. The revised target still implies modest upside, but the cut reflects a more cautious view of the shares’ valuation.
- Negative Sentiment: Insider Kelly Bradley reported multiple sales totaling 19,030 shares for approximately C$5.39 million at about C$283 per share. Bradley retained only 1,043 shares, a significant reduction in personal exposure that may weigh on sentiment, even though insider transactions can reflect personal financial planning rather than concerns about the business.
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.
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