Royal Bank of Canada (TSE:RY) Price Target Raised to C$312.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its price objective upped by Scotia from C$311.00 to C$312.00 in a research note published on Friday morning,BayStreet.CA reports. They currently have a sector outperform rating on the financial services provider’s stock.

RY has been the subject of several other research reports. Scotiabank increased their price objective on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. 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. National Bank Financial set a C$318.00 price target on shares of Royal Bank of Canada and gave the stock an “outperform” rating in a research report on Monday, August 24th. Canaccord Genuity Group increased their price target on Royal Bank of Canada from C$310.00 to C$318.00 and gave the company a “buy” rating in a report on Friday. Finally, Canadian Imperial Bank of Commerce raised their price objective on Royal Bank of Canada from C$279.00 to C$311.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. One 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’s stock. Based on data from MarketBeat, Royal Bank of Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$292.86.

Royal Bank of Canada Stock Performance

RY opened at C$284.17 on Friday. The firm has a 50 day moving average price of C$293.49 and a 200 day moving average price of C$260.89. The company has a market cap of C$393.41 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. Royal Bank of Canada has a 1 year low of C$197.58 and a 1 year high of C$306.38.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Thursday, August 27th. The financial services provider reported C$4.28 EPS for the quarter. The firm had revenue of C$18.54 billion for 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 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were given a $1.76 dividend. This represents a $7.04 annualized dividend and a yield of 2.5%. This is a positive change 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 Buying and Selling

In other news, insider Bruce Washington Ross sold 3,659 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 235 shares of the company’s stock, valued at approximately C$65,792.95. The trade was a 93.97% decrease in their ownership of the stock. Also, Director David Ian Mckay sold 23,091 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$6,464,787.27. Following the completion of the transaction, the director owned 5,873 shares of the company’s stock, valued at C$1,644,263.81. This trade represents a 79.72% decrease in their ownership of the stock. Insiders have 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: 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.