Credit Suisse Group Reaffirms “Outperform” Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a report issued on Friday. They presently have a GBX 2,500 ($31.85) price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 20.98% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,700 ($34.40) target price on shares of Royal Dutch Shell Plc in a report on Friday, May 5th. Macquarie lowered shares of Royal Dutch Shell Plc to a “neutral” rating and reduced their price target for the company from GBX 2,400 ($30.58) to GBX 2,150 ($27.39) in a research report on Wednesday. Barclays PLC restated an “overweight” rating and set a GBX 2,750 ($35.04) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday, May 23rd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,600 ($33.13) price target on shares of Royal Dutch Shell Plc in a research report on Wednesday, June 14th. Finally, Citigroup Inc. lowered shares of Royal Dutch Shell Plc to a “sell” rating in a research report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 2,408.64 ($30.69).
Shares of Royal Dutch Shell Plc (RDSA) traded up 0.05% on Friday, hitting GBX 2066.50. 4,296,152 shares of the stock were exchanged. Royal Dutch Shell Plc has a 1-year low of GBX 1,752.50 and a 1-year high of GBX 2,295.50. The stock’s 50-day moving average is GBX 2,102.34 and its 200-day moving average is GBX 2,132.73.
The firm also recently announced a dividend, which will be paid on Monday, June 26th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 1.8%.
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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