Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Royal Bank of Canada stock in Canada

Own Royal Bank of Canada shares in just a few minutes.

RBC logo

Royal Bank of Canada (RY) is a leading banks-diversified business based in Canada. It opened the day at C$117.27 after a previous close of C$117.11. During the day the price has varied from a low of C$117.15 to a high of C$117.98. The latest price was C$117.93 (25 minute delay). Royal Bank of Canada is listed on the TO and employs 84,030 staff. All prices are listed in Canadian Dollars.

How to buy shares in Royal Bank of Canada

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: RY in this case.
  5. Research Royal Bank of Canada shares. The platform should provide the latest information available.
  6. Buy your Royal Bank of Canada shares. It's that simple.

Royal Bank of Canada share price

Use our graph to track the performance of RY stocks over time.

Royal Bank of Canada shares at a glance

Information last updated 2021-04-28.
OpenC$117.27
HighC$117.98
LowC$117.15
CloseC$117.93
Previous closeC$117.11
Change C$0.82
Change % 0.7002%
Volume 915,493
Information last updated 2021-04-26.
52-week rangeC$78.6567 - C$117.8086
50-day moving average C$116.5185
200-day moving average C$107.1835
Wall St. target priceC$121.93
PE ratio 14.4293
Dividend yield C$4.32 (3.73%)
Earnings per share (TTM) C$8.078

Compare online stock trading platforms

Note: The dollar amounts in the table below are in Canadian dollars.

Name Product Available asset types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
Wealthsimple Trade
Stocks, ETFs
$0
N/A
$0
Free
Deposit and trade $100 and get a $50 bonus.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
CIBC Investor's Edge
Stocks, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$6.95
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
$0 (if monthly commissions are greater than or equal to US$10.00)
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Questrade
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95-$9.95
$9.95 + $1 per contract
$0
Free
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
Qtrade Investor
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Trade 100 select ETFs free of charge.
Qtrade Investor offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.
Scotia iTRADE
Options, Mutual Funds, ETFs, GICs, International Equities
$4.99-$9.99
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$0
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
loading

Compare up to 4 providers

Online stock trading

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.

Royal Bank of Canada price performance over time

Historical closes compared with the last close of C$117.93

1 week (2021-05-04) 0.01%
1 month (2021-04-09) 0.70%
3 months (2021-02-11) 11.45%
6 months (2020-11-11) 17.77%
1 year (2020-05-11) 36.18%
2 years (2019-05-10) 11.87%
3 years (2018-05-11) 17.48%
5 years (2016-05-11) 53.92%

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 14x. In other words, Royal Bank of Canada shares trade at around 14x 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 shares offer better value, while a higher ratio can be interpreted as meaning the shares 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 share prices of multiple high-growth companies.

Royal Bank of Canada financials

Revenue TTM CADC$43.2 billion
Operating margin TTM 37.32%
Gross profit TTM CADC$42.8 billion
Return on assets TTM 0.75%
Return on equity TTM 13.51%
Profit margin 27.22%
Book value C$58.237
Market capitalisation CADC$165.3 billion

TTM: trailing 12 months

How to short and sell Royal Bank of Canada shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "RY.TO"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 12.6 million Royal Bank of Canada shares held short by investors – that's known as Royal Bank of Canada's "short interest". This figure is 30.4% down from 18.1 million last month.

There are a few different ways that this level of interest in shorting Royal Bank of Canada shares 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 shares currently shorted divided by the average quantity of Royal Bank of Canada shares traded daily (recently around 4.4 million). Royal Bank of Canada's SIR currently stands at 2.84. In other words for every 100,000 Royal Bank of Canada shares traded daily on the market, roughly 2840 shares 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 shares, or, against the total number of tradable Royal Bank of Canada shares (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 shares (for every 100,000 Royal Bank of Canada shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Royal Bank of Canada shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share 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 share dividends

53%

Dividend payout ratio: 52.55% of net profits

Recently Royal Bank of Canada has paid out, on average, around 52.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.71% 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 3.71% 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.

Royal Bank of Canada's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Royal Bank of Canada's most recent dividend payout was on 21 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 21 April 2021 (the "ex-dividend date").

Have Royal Bank of Canada's shares ever split?

Royal Bank of Canada's shares 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 shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Royal Bank of Canada shares which in turn could have impacted Royal Bank of Canada's share price.

Royal Bank of Canada share price volatility

Over the last 12 months, Royal Bank of Canada's shares have ranged in value from as little as C$78.6567 up to C$117.8086. A popular way to gauge a stock's volatility is its "beta".

RY.TO volatility(beta: 0.79)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Royal Bank of Canada's is 0.7921. This would suggest that Royal Bank of Canada's shares 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.

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.

More on investing

More guides on Finder

Go to site