Royal Bank of Canada (RY) is Canada’s largest bank, with strong technical momentum, gaining 34% in the past year and hitting 17 new highs in the last month. Consensus analyst ratings are positive, with multiple “Strong Buy” opinions and price targets up to $269. Revenue and earnings projected to grow steadily, but Morningstar warns RY is 35% overvalued.

Valued at $234 billion, RY operates under the master brand name of RBC and provides a range of financial services globally. It has a Weighted Alpha of +46.13, a 100% “Buy” opinion from Barchart, and a Trend Seeker “Buy” signal intact. The stock has seen consistent price appreciation since Oct. 23, gaining 13.36%.

Royal Bank of Canada reached an all-time high of $167.91 on Dec. 12, with a 50-day moving average of $150.86. RY has a 16.1x trailing price-earnings ratio, a 2.85% dividend yield, and is projected to grow revenue by 4.71% this year and 4.93% next year. Earnings are expected to increase by 8.37% this year and 9.76% next year.

Wall Street analysts and individual investors are bullish on RY, with varying price targets between $152 and $269. The stock is rated “Strong Buy” by CFRA’s MarketScope Advisor, while Morningstar warns it is overvalued by 35%. Motley Fool investors are optimistic, with 1,342 followers predicting it will beat the market. Seeking Alpha rates RY a “Strong Buy” with 62,520 investors monitoring the stock.

Read more at Yahoo Finance: This Dividend Stock Deserves ‘Royal’ Treatment