Royal Dutch Shell Plc (RDSB) Given Consensus Rating of “Buy” by Brokerages
Shares of Royal Dutch Shell Plc (LON:RDSB) have been assigned an average rating of “Buy” from the nineteen analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,417.63 ($31.50).
A number of equities research analysts have recently issued reports on the stock. UBS AG set a GBX 2,500 ($32.57) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, April 25th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 2,500 ($32.57) target price on shares of Royal Dutch Shell Plc in a research note on Wednesday, July 19th. Morgan Stanley set a GBX 2,560 ($33.35) target price on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Monday, July 17th. J P Morgan Chase & Co cut their target price on shares of Royal Dutch Shell Plc from GBX 2,600 ($33.87) to GBX 2,400 ($31.27) and set an “overweight” rating on the stock in a research note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on shares of Royal Dutch Shell Plc from GBX 2,440 ($31.79) to GBX 2,490 ($32.44) and gave the stock a “buy” rating in a research note on Thursday, July 13th.
Royal Dutch Shell Plc (LON RDSB) traded down 1.03% during mid-day trading on Monday, reaching GBX 2065.00. 6,836,197 shares of the company were exchanged. The company’s market capitalization is GBX 168.40 billion. The company has a 50 day moving average of GBX 2,107.92 and a 200-day moving average of GBX 2,187.46. Royal Dutch Shell Plc has a 1-year low of GBX 1,869.25 and a 1-year high of GBX 2,403.68.
The business also recently announced a dividend, which was paid on Monday, June 26th. Stockholders of record on Thursday, May 18th were issued a $0.47 dividend. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, May 18th.
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Royal Dutch Shell Plc Company Profile
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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