Royal Dutch Shell Plc (RDSB) Given a GBX 2,600 Price Target at Jefferies Group LLC
Royal Dutch Shell Plc (LON:RDSB) has been given a GBX 2,600 ($33.56) target price by equities research analysts at Jefferies Group LLC in a research report issued on Saturday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 20.09% from the company’s current price.
Several other research analysts have also weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Royal Dutch Shell Plc in a research report on Tuesday, April 4th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 2,700 ($34.85) price target on shares of Royal Dutch Shell Plc in a research report on Thursday, April 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,600 ($33.56) price target on shares of Royal Dutch Shell Plc in a research report on Monday, February 27th. Goldman Sachs Group Inc boosted their price target on Royal Dutch Shell Plc from GBX 2,400 ($30.98) to GBX 2,440 ($31.50) and gave the stock a “buy” rating in a research report on Wednesday, April 5th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,750 ($35.50) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 2,459.72 ($31.75).
Royal Dutch Shell Plc (LON:RDSB) traded up 0.19% on Friday, hitting GBX 2165.00. 8,825,837 shares of the stock were exchanged. The company’s market cap is GBX 176.55 billion. The company’s 50 day moving average price is GBX 2,153.13 and its 200-day moving average price is GBX 2,207.40. Royal Dutch Shell Plc has a one year low of GBX 1,646.00 and a one year high of GBX 2,403.68.
The company also recently declared a dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, May 18th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 1.77%.
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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