Royal Dutch Shell plc Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:RDS.A)
Royal Dutch Shell plc (NASDAQ:RDS.A) has received a consensus recommendation of “Buy” from the seventeen brokerages that are covering the stock, Analyst Ratings.Net reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $80.00.
Royal Dutch Shell plc (NASDAQ:RDS.A) last released its earnings data on Thursday, July 31st. The company reported $1.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.72 by $0.22. The company had revenue of $111.22 billion for the quarter, compared to the consensus estimate of $112.80 billion. Royal Dutch Shell plc’s revenue was up 1.4% compared to the same quarter last year.
The company also recently declared a dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Friday, August 15th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, August 13th.
RDS.A has been the subject of a number of recent research reports. Analysts at Jefferies Group upgraded shares of Royal Dutch Shell plc from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Separately, analysts at Societe Generale upgraded shares of Royal Dutch Shell plc from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Royal Dutch Shell plc from a “neutral” rating to an “overweight” rating in a research note on Friday, July 11th.
Royal Dutch Shell plc (NASDAQ:RDS) is an independent oil and gas company, based in the United Kingdom.
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