Erste Group Bank Has Positive View of TSE:RY FY2026 Earnings

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities researchers at Erste Group Bank increased their FY2026 EPS estimates for Royal Bank of Canada in a note issued to investors on Wednesday, February 18th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $15.68 per share for the year, up from their prior forecast of $15.61. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported C$3.85 EPS for the quarter. The business had revenue of C$17.21 billion for the quarter. Royal Bank of Canada had a net margin of 28.23% and a return on equity of 13.27%.

Several other brokerages also recently weighed in on RY. Canaccord Genuity Group upped their target price on Royal Bank of Canada from C$242.00 to C$255.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. National Bank Financial boosted their price target on Royal Bank of Canada from C$235.00 to C$241.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. TD Securities upped their price target on Royal Bank of Canada from C$246.00 to C$260.00 in a report on Monday, February 9th. Raymond James Financial increased their price objective on shares of Royal Bank of Canada from C$239.00 to C$248.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, UBS Group boosted their target price on shares of Royal Bank of Canada from C$225.00 to C$238.00 in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$238.31.

Royal Bank of Canada Trading Up 0.0%

Shares of TSE RY opened at C$234.05 on Monday. The stock has a fifty day moving average price of C$233.08 and a 200 day moving average price of C$215.06. Royal Bank of Canada has a 12-month low of C$151.25 and a 12-month high of C$240.34. The company has a market cap of C$327.72 billion, a P/E ratio of 16.63, a P/E/G ratio of 3.42 and a beta of 1.28.

Insider Activity

In related news, Director David Ian Mckay sold 91,288 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of C$228.75, for a total value of C$20,882,130.00. Following the sale, the director directly owned 5,873 shares of the company’s stock, valued at C$1,343,448.75. This represents a 93.96% decrease in their ownership of the stock.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.