How to buy Royal Bank of Canada shares

Royal Bank of Canada shares have increased 0.66% from their previous closing price ($105.3). Learn how to easily invest in Royal Bank of Canada shares in the UK.

Royal Bank of Canada (RY) is a publicly traded diversified banking business based in the US which employs around 90,150 staff. Royal Bank of Canada is listed on the NYSE and traded in US dollars. Its current price of $105.3 is 7.3% up on its price a month ago ($98.16).

How to buy shares in Royal Bank of Canada

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. RY in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

Our top picks for where to buy Royal Bank of Canada shares

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Fees calculator for buying Royal Bank of Canada shares with popular apps

Both exchange rates and share prices fluctuate in real time, so the costs estimated here should be considered as a guide only. They don't factor in spreads, which can be hard to pin down. Always refer to the platform itself for availability and pricing.

Quantity of shares

10
Platform Finder score Account fee Min. initial deposit Trade cost Link
eToro Free Stocks logo
4.3 ★★★★★
£0 $100 £839.00
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Saxo Share Dealing Account logo
3.75 ★★★★★
0.12% per year £0 £828.79
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XTB logo
4.3 ★★★★★
£0 £0 £830.74
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CMC Invest share dealing account logo
4.4 ★★★★★
£0 £0 £830.74
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Hargreaves Lansdown Fund and Share Account logo
4.2 ★★★★★
£0 £1 £846.82
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Full comparison of share dealing platforms

These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Alternative ways to invest in Royal Bank of Canada

Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Royal Bank of Canada), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.

Royal Bank of Canada is a major part of the NYSE, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).

Is it a good time to buy Royal Bank of Canada stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Royal Bank of Canada's price performance, share price volatility, historical data and technicals.

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

Share price volatility

Over the last 12 months, Royal Bank of Canada's shares have ranged in value from as little as $76.3206 up to $107.195. A popular way to gauge a stock's volatility is its "beta".

RY.US volatility(beta: 0.83)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Royal Bank of Canada's is 0.832. This would suggest that Royal Bank of Canada's shares are less volatile than average (for this exchange).

Historical closes compared with the last close of $105.3

1 week (2024-05-16)-1.40%
1 month (2024-04-25)7.27%
3 months (2024-02-25)7.48%
6 months (2023-11-23)20.16%
1 year (2023-05-21)11.83%
3 years (2021-05-25)2.54%
5 years (2019-05-23)36.29%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is Royal Bank of Canada under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Royal Bank of Canada P/E ratio, PEG ratio and EBITDA.

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 13x. In other words, Royal Bank of Canada's shares trade at around 13x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Royal Bank of Canada's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.3113. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

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.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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