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Looking to buy RBC stock in Canada? Here’s how to buy RY, including the current RBC stock price, online brokers with access to RY stock and the answer to the question, “Is it a good time to buy RBC Royal Bank stock?” Read our guide below.
Royal Bank of Canada (RY) is a leading banks-diversified business based in Canada. It opened the day at C$131.24 after a previous close of C$131.08. During the day the price has varied from a low of C$130.65 to a high of C$131.59. The latest price was C$131.06 (25 minute delay). Royal Bank of Canada is listed on the TO and employs 85,887 staff. All prices are listed in Canadian Dollars.
How to buy Royal Bank of Canada stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: RY in this case.
- Research Royal Bank of Canada stocks. The platform should provide the latest information available.
- Buy your Royal Bank of Canada stocks. It's that simple.
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Is it a good time to buy Royal Bank of Canada stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Royal Bank of Canada?
- Has coronavirus impacted Royal Bank of Canada shares?
- Royal Bank of Canada shares summary
- Compare share dealing platforms
- Is Royal Bank of Canada stock a buy or sell?
- Royal Bank of Canada performance over time
- Can I short Royal Bank of Canada shares?
- Is Royal Bank of Canada suitable for ethical investing?
- Are Royal Bank of Canada shares over-valued?
- Royal Bank of Canada's financials
- How volatile are Royal Bank of Canada shares?
- Does Royal Bank of Canada pay a dividend?
- Have Royal Bank of Canada shares ever split?
- Other common questions
How has Coronavirus impacted Royal Bank of Canada's stock price?
Since the stock market crash in March caused by coronavirus, Royal Bank of Canada's stock price has had significant positive movement.
Its last market close was C$127.66, which is 14.45% up on its pre-crash value of C$109.21 and 77.31% up on the lowest point reached during the March crash when the stocks fell as low as C$72.
If you had bought C$1,000 worth of Royal Bank of Canada stocks at the start of February 2020, those stocks would have been worth C$689.99 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$1,219.15.
Royal Bank of Canada stock price
Use our graph to track the performance of RY stocks over time.Royal Bank of Canada stocks at a glance
Information last updated 2021-08-13.
| Open | C$131.24 |
|---|---|
| High | C$131.59 |
| Low | C$130.65 |
| Close | C$131.06 |
| Previous close | C$131.08 |
| Change | C$-0.02 |
| Change % | -0.0153% |
| Volume | 964,342 |
Information last updated 2021-09-18.
| 52-week range | C$88.2413 - C$134.23 |
|---|---|
| 50-day moving average | C$130.0258 |
| 200-day moving average | C$123.3533 |
| Wall St. target price | C$142.12 |
| PE ratio | 12.0252 |
| Dividend yield | C$4.32 (3.33%) |
| Earnings per share (TTM) | C$10.616 |
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Note: The dollar amounts in the table below are in Canadian dollars.
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Royal Bank of Canada price performance over time
Historical closes compared with the last close of C$131.06
| 1 week (2021-09-10) | 1.10% |
|---|---|
| 1 month (2021-08-18) | 0.31% |
| 3 months (2021-06-18) | 4.05% |
| 6 months (2021-03-18) | 11.98% |
| 1 year (2020-09-18) | 37.28% |
|---|---|
| 2 years (2019-09-18) | 23.30% |
| 3 years (2018-09-18) | 26.08% |
| 5 years (2016-09-16) | 62.28% |
Is Royal Bank of Canada under- or over-valued?
Valuing Royal Bank of Canada stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Royal Bank of Canada's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Royal Bank of Canada's P/E ratio
Royal Bank of Canada's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Royal Bank of Canada stocks trade at around 12x recent earnings.
Royal Bank of Canada's PEG ratio
Royal Bank of Canada's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.74. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Royal Bank of Canada's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Royal Bank of Canada financials
| Revenue TTM | CADC$48.5 billion |
|---|---|
| Operating margin TTM | 43.45% |
| Gross profit TTM | CADC$42.8 billion |
| Return on assets TTM | 0.91% |
| Return on equity TTM | 16.86% |
| Profit margin | 31.74% |
| Book value | C$62.341 |
| Market capitalisation | CADC$181.9 billion |
TTM: trailing 12 months
How to short and sell Royal Bank of Canada stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "RY.TO"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 11.4 million Royal Bank of Canada stocks held short by investors – that's known as Royal Bank of Canada's "short interest". This figure is 38.8% up from 8.2 million last month.
There are a few different ways that this level of interest in shorting Royal Bank of Canada stocks can be evaluated.
Royal Bank of Canada's "short interest ratio" (SIR)
Royal Bank of Canada's "short interest ratio" (SIR) is the quantity of Royal Bank of Canada stocks currently shorted divided by the average quantity of Royal Bank of Canada stocks traded daily (recently around 2.7 million). Royal Bank of Canada's SIR currently stands at 4.26. In other words for every 100,000 Royal Bank of Canada stocks traded daily on the market, roughly 4260 stocks are currently held short.
However Royal Bank of Canada's short interest can also be evaluated against the total number of Royal Bank of Canada stocks, or, against the total number of tradable Royal Bank of Canada stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Royal Bank of Canada's short interest could be expressed as 0.01% of the outstanding stocks (for every 100,000 Royal Bank of Canada stocks in existence, roughly 10 stocks are currently held short) or 0.008% of the tradable stocks (for every 100,000 tradable Royal Bank of Canada stocks, roughly 8 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Royal Bank of Canada.
Find out more about how you can short Royal Bank of Canada stock.
Royal Bank of Canada's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Royal Bank of Canada.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Royal Bank of Canada's total ESG risk score
Total ESG risk: 16.95
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Royal Bank of Canada's overall score of 16.95 (as at 01/01/2019) is excellent – landing it in it in the 17th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Royal Bank of Canada is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Royal Bank of Canada's environmental score
Environmental score: 0.2/100
Royal Bank of Canada's social score
Social score: 9.36/100
Royal Bank of Canada's governance score
Governance score: 1.8/100
Royal Bank of Canada's controversy score
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Royal Bank of Canada scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Royal Bank of Canada hasn't always managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Royal Bank of Canada was last rated for ESG on: 2019-01-01.
| Total ESG score | 16.95 |
|---|---|
| Total ESG percentile | 17.4 |
| Environmental score | 0.2 |
| Social score | 9.36 |
| Governance score | 1.8 |
| Level of controversy | 3 |
Royal Bank of Canada stock dividends
Dividend payout ratio: 40.19% of net profits
Recently Royal Bank of Canada has paid out, on average, around 40.19% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.33% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Royal Bank of Canada shareholders could enjoy a 3.33% return on their shares, in the form of dividend payments. In Royal Bank of Canada's case, that would currently equate to about C$4.32 per share.
While Royal Bank of Canada's payout ratio might seem fairly standard, it's worth remembering that Royal Bank of Canada may be investing much of the rest of its net profits in future growth.
Royal Bank of Canada's most recent dividend payout was on 24 November 2021. The latest dividend was paid out to all shareholders who bought their stocks by 25 October 2021 (the "ex-dividend date").
Have Royal Bank of Canada stocks ever split?
Royal Bank of Canada stocks were split on a 2:1 basis on 23 March 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Royal Bank of Canada stocks – just the quantity. However, indirectly, the new 50% lower stock price could have impacted the market appetite for Royal Bank of Canada stocks which in turn could have impacted Royal Bank of Canada's stock price.
Royal Bank of Canada stock price volatility
Over the last 12 months, Royal Bank of Canada's stocks have ranged in value from as little as C$88.2413 up to C$134.23. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (TO average) beta is 1, while Royal Bank of Canada's is 0.7908. This would suggest that Royal Bank of Canada's stocks are less volatile than average (for this exchange).
Royal Bank of Canada overview
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, 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. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, and reinsurance advice and solutions; and creditor and business insurance services to individual, business, and group clients through its field sales force, advice centers, and online, as well as through independent insurance advisors and affinity relationships. Its Investor & Treasury Services segment provides asset, cash management, transaction banking, and treasury services to institutional clients; correspondent banking and trade finance services for financial institutions; and short-term funding and liquidity management services. The company's Capital Markets segment offers corporate and investment banking, as well as equity and debt origination, distribution, sale, and trading services for corporations, institutional investors, asset managers, governments, and central banks. Royal Bank of Canada has a strategic partnership with Royal College Of Physicians & Surgeons Of Canada to support the needs of Canada's medical specialists. The company was founded in 1864 and is headquartered in Toronto, Canada.
Royal Bank of Canada in the news
UPDATE 2-RBC resolves U.S. SEC charges over bond abuses, is fined
RBC resolves U.S. SEC charges over bond abuses, is fined
RBC Promotes Nadine Ahn to CFO, Expands McLaughlin’s Role
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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