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Barchart
Barchart
Jim Van Meerten

This Dividend Stock Deserves ‘Royal’ Treatment

  • Royal Bank of Canada (RY) is Canada’s largest bank, showing strong technical momentum.
  • RY has gained 34% over the past year and made 17 new highs in the past month.
  • Consensus analyst ratings are overwhelmingly positive, with multiple “Strong Buy” opinions and price targets up to $269.
  • Revenue and earnings are projected to grow steadily in 2024 and 2025, but Morningstar cautions RY is 35% overvalued after its recent run.

Today’s Featured Stock

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