Beaufort Securities reiterated their buy rating on shares of Royal Dutch Shell Plc (LON:RDSB) in a research report report published on Thursday. The firm currently has a GBX 2,500 ($33.71) price target on the stock.
A number of other research analysts also recently issued reports on the company. J P Morgan Chase & Co restated an overweight rating and set a GBX 2,600 ($35.05) price target on shares of Royal Dutch Shell Plc in a report on Wednesday, June 14th. Macquarie downgraded Royal Dutch Shell Plc to a neutral rating and reduced their price target for the company from GBX 2,400 ($32.36) to GBX 2,150 ($28.99) in a report on Wednesday, June 21st. Deutsche Bank AG set a GBX 2,450 ($33.03) price target on Royal Dutch Shell Plc and gave the company a buy rating in a report on Monday, September 4th. Canaccord Genuity restated a sell rating and set a GBX 1,900 ($25.62) price target on shares of Royal Dutch Shell Plc in a report on Friday, July 21st. Finally, Credit Suisse Group set a GBX 2,500 ($33.71) price target on Royal Dutch Shell Plc and gave the company a buy rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 2,418.16 ($32.60).
Shares of Royal Dutch Shell Plc (RDSB) traded up 1.08% during midday trading on Thursday, hitting GBX 2241.50. The company had a trading volume of 3,974,865 shares. Royal Dutch Shell Plc has a 52 week low of GBX 1,878.50 and a 52 week high of GBX 2,403.68. The firm’s 50 day moving average is GBX 2,176.04 and its 200 day moving average is GBX 2,153.87. The company’s market capitalization is GBX 184.09 billion.
The business also recently declared a dividend, which was paid on Monday, September 18th. Stockholders of record on Thursday, August 10th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 1.72%.
About Royal Dutch Shell Plc
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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