Jefferies Group LLC Lowers Royal Dutch Shell Plc (RDSA) Price Target to GBX 2,600
Royal Dutch Shell Plc (LON:RDSA) had its target price reduced by Jefferies Group LLC from GBX 2,700 ($34.85) to GBX 2,600 ($33.56) in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 23.31% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. Barclays PLC reissued an “overweight” rating on shares of Royal Dutch Shell Plc in a research report on Tuesday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,600 ($33.56) target price on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,500 ($32.27) target price on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Credit Suisse Group AG lifted their target price on shares of Royal Dutch Shell Plc from GBX 2,450 ($31.63) to GBX 2,500 ($32.27) and gave the stock an “outperform” rating in a research report on Friday, May 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,600 ($33.56) target price on shares of Royal Dutch Shell Plc in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Royal Dutch Shell Plc presently has an average rating of “Buy” and an average price target of GBX 2,426.50 ($31.32).
Shares of Royal Dutch Shell Plc (LON:RDSA) traded down 3.50% during trading on Wednesday, hitting GBX 2108.50. 8,553,630 shares of the company traded hands. The firm has a 50 day moving average price of GBX 2,086.09 and a 200-day moving average price of GBX 2,117.89. Royal Dutch Shell Plc has a one year low of GBX 1,644.10 and a one year high of GBX 2,295.50.
The business also recently declared a dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, May 18th will be issued a dividend of $0.47 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, May 18th.
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Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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