Royal Bank of Canada (RY) Stock AnalysisRYRoyal Bank of Canada

Royal Bank of Canada (RBC) is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Capital Markets, and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and the United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions for businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines: corporate and investment banking and global markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, as well as creditor and business insurance services to individual, business and group clients. It operates in the Financials sector (COMMERCIAL BANKS, NOT ELSEWHERE CLASSIFIED industry).

Royal Bank of Canada is currently a hold. The stock is trading at $191.91, with a forward P/E of 16, indicating potential for growth, but the RSI is at 30.532, suggesting it may be oversold. The recent 5-day change is -1.92%, indicating short-term weakness, while the 1-year change is +32.74%, showing strong long-term performance. The main risk is the potential market pullback due to economic pressures, as highlighted by the news on weak consumer spending and rising inflation.

5 analysts cover RY: 3 rate it Buy, 1 Hold and 1 Sell. The average price target is 168.73.