TD Cuts Royal Bank of Canada (TSE:RY) Price Target to C$306.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price cut by TD from C$307.00 to C$306.00 in a research report report published on Friday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on RY. Scotiabank increased their price objective on Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a report on Tuesday, June 16th. Canadian Imperial Bank of Commerce lifted their target price on Royal Bank of Canada from C$279.00 to C$311.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Desjardins boosted their price target on Royal Bank of Canada from C$275.00 to C$320.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Scotia increased their price target on Royal Bank of Canada from C$311.00 to C$312.00 and gave the stock a “sector outperform” rating in a research note on Friday. Finally, Jefferies Financial Group increased their price target on Royal Bank of Canada from C$240.00 to C$268.00 in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, 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

TSE RY opened at C$284.17 on Friday. Royal Bank of Canada has a 52 week low of C$197.58 and a 52 week high of C$306.38. The stock has a market cap of C$393.41 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. The company has a 50-day moving average price of C$293.49 and a two-hundred day moving average price of C$260.89.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Thursday, August 27th. The financial services provider reported C$4.28 EPS for the quarter. The company 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%. As a group, equities research analysts expect that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 24th were issued a $1.76 dividend. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date 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 Activity at Royal Bank of Canada

In other news, insider Katherine Gibson sold 462 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$279.97, for a total transaction of C$129,346.14. Following the completion of the sale, the insider directly owned 290 shares of the company’s stock, valued at C$81,191.30. This represents a 61.44% decrease in their ownership of the stock. Also, insider Graeme Ashley Hepworth sold 1,459 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 value of C$408,476.23. Insiders sold 352,767 shares of company stock valued at $100,643,023 over the last ninety days.

Trending Headlines about Royal Bank of Canada

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.