Royal Bank of Canada (RY) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Royal Bank of Canada (TSE: RY):

• 5/20/2026 – Royal Bank of Canada had its price target raised by Jefferies Financial Group Inc. from C$226.00 to C$232.00.
• 5/20/2026 – Royal Bank of Canada had its price target raised by Canaccord Genuity Group Inc. from C$260.00 to C$270.00. They now have a “buy” rating on the stock.
• 5/15/2026 – Royal Bank of Canada had its price target raised by National Bank Financial from C$257.00 to C$271.00. They now have an “outperform” rating on the stock.
• 5/14/2026 – Royal Bank of Canada had its price target raised by Canadian Imperial Bank of Commerce from C$242.00 to C$258.00. They now have a “neutral” rating on the stock.
• 5/12/2026 – Royal Bank of Canada was downgraded by Raymond James Financial, Inc. from “moderate buy” to “hold”. They now have a C$265.50 price target on the stock, up from C$248.00.
• 5/5/2026 – Royal Bank of Canada had its price target raised by Desjardins from C$250.00 to C$262.00. They now have a “buy” rating on the stock.
• 5/5/2026 – Royal Bank of Canada had its price target raised by TD from C$259.00 to C$267.00. They now have a “buy” rating on the stock.
• 5/4/2026 – Royal Bank of Canada had its price target raised by Scotiabank from C$247.00 to C$252.00. They now have a “sector outperform” rating on the stock.

Royal Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 22nd will be given a dividend of $1.64 per share. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a yield of 2.5%. Royal Bank of Canada’s payout ratio is currently 42.58%.

Insider Activity at Royal Bank of Canada

In related news, insider Jennifer Kristine Publicover sold 439 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of C$242.82, for a total transaction of C$106,597.98. Following the completion of the transaction, the insider directly owned 152 shares in the company, valued at C$36,908.64. The trade was a 74.28% decrease in their ownership of the stock. Also, insider Katherine Gibson sold 462 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of C$242.82, for a total transaction of C$112,182.84. Following the transaction, the insider owned 290 shares of the company’s stock, valued at C$70,417.80. This represents a 61.44% decrease in their ownership of the stock. Insiders sold a total of 29,110 shares of company stock valued at $7,068,490 over the last ninety days.

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.