Brokerages Set Royal Dutch Shell Plc Class A (RDSA) PT at $2,904.62

Shares of Royal Dutch Shell Plc Class A (LON:RDSA) have been given a consensus recommendation of “Buy” by the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,904.62 ($37.84).

RDSA has been the topic of several recent research reports. JPMorgan Chase & Co. set a GBX 3,300 ($42.99) target price on shares of Royal Dutch Shell Plc Class A and gave the stock a “buy” rating in a research note on Monday, July 9th. Goldman Sachs Group set a GBX 3,130 ($40.77) target price on shares of Royal Dutch Shell Plc Class A and gave the stock a “buy” rating in a research note on Wednesday, July 4th. Barclays set a GBX 3,250 ($42.33) price target on shares of Royal Dutch Shell Plc Class A and gave the stock a “buy” rating in a report on Monday, July 2nd. Royal Bank of Canada set a GBX 3,000 ($39.08) price target on shares of Royal Dutch Shell Plc Class A and gave the stock a “buy” rating in a report on Monday, July 2nd. Finally, UBS Group reiterated a “buy” rating and set a GBX 3,000 ($39.08) price target on shares of Royal Dutch Shell Plc Class A in a report on Tuesday, June 19th.

RDSA traded up GBX 148 ($1.93) during trading hours on Friday, hitting GBX 2,629.50 ($34.25). 3,333,027 shares of the company’s stock were exchanged, compared to its average volume of 6,420,000. Royal Dutch Shell Plc Class A has a 12-month low of GBX 1,982.50 ($25.82) and a 12-month high of GBX 2,579.50 ($33.60).

The company also recently declared a dividend, which was paid on Monday, September 17th. Shareholders of record on Thursday, August 9th were issued a dividend of $0.47 per share. This represents a yield of 1.38%. The ex-dividend date was Thursday, August 9th.

Royal Dutch Shell Plc Class A Company Profile

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

Further Reading: Why do company’s buyback their stock?

Analyst Recommendations for Royal Dutch Shell Plc Class A (LON:RDSA)

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