Royal Bank of Canada (TSE:RY) Price Target Raised to C$271.00

Royal Bank of Canada (TSE:RY) (NYSE:RY) had its target price raised by Jefferies Financial Group from C$268.00 to C$271.00 in a report issued on Thursday morning,BayStreet reports.

A number of other analysts have also commented on the stock. Scotiabank lifted their price target 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 note on Tuesday, June 16th. Canadian Imperial Bank of Commerce increased their price objective on shares of 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. Canaccord Genuity Group raised their target price on shares of Royal Bank of Canada from C$310.00 to C$318.00 and gave the stock a “buy” rating in a report on Friday, August 28th. National Bank Financial lifted their target price on shares of Royal Bank of Canada from C$318.00 to C$321.00 and gave the stock an “outperform” rating in a research report on Sunday, August 30th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada presently has an average rating of “Moderate Buy” and a consensus target price of C$292.86.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at C$291.48 on Thursday. Royal Bank of Canada has a one year low of C$199.17 and a one year high of C$306.38. The business’s fifty day moving average is C$293.44 and its 200 day moving average is C$262.59. The stock has a market capitalization of C$403.53 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.94.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share for the quarter. The business had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%. As a group, sell-side analysts expect that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 24th were given a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, July 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s payout ratio is currently 41.49%.

Insider Buying and Selling at Royal Bank of Canada

In related news, Director David Ian Mckay sold 133,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were 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. Also, insider Kelly Bradley sold 5,142 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$283.07, for a total transaction of C$1,455,545.94. Following the sale, the insider directly owned 1,043 shares of the company’s stock, valued at approximately C$295,242.01. This represents a 83.14% decrease in their ownership of the stock. Insiders have sold 334,122 shares of company stock worth $95,836,050 over the last quarter.

Key Stories Impacting Royal Bank of Canada

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.

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.