Royal Dutch Shell Plc (RDSA) Given Average Rating of “Buy” by Brokerages
Shares of Royal Dutch Shell Plc (LON:RDSA) have earned a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,409.31 ($30.64).
A number of brokerages have commented on RDSA. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,750 ($34.98) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday, June 20th. Macquarie cut shares of Royal Dutch Shell Plc to a “neutral” rating and cut their price target for the company from GBX 2,400 ($30.53) to GBX 2,150 ($27.35) in a research report on Wednesday, June 21st. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 2,450 ($31.16) price target on shares of Royal Dutch Shell Plc in a research report on Monday. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 2,600 ($33.07) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,500 ($31.80) price target on shares of Royal Dutch Shell Plc in a research report on Friday.
Shares of Royal Dutch Shell Plc (LON:RDSA) traded up 1.11% during mid-day trading on Tuesday, reaching GBX 2088.50. The company had a trading volume of 4,730,417 shares. The stock has a 50 day moving average of GBX 2,102.34 and a 200-day moving average of GBX 2,132.73. Royal Dutch Shell Plc has a one year low of GBX 1,752.50 and a one year high of GBX 2,295.50.
The firm also recently announced a dividend, which was paid on Monday, June 26th. Investors of record on Thursday, May 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a dividend yield of 1.8%.
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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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