Royal Dutch Shell Plc (RDSB) Given Average Recommendation of “Buy” by Brokerages
Shares of Royal Dutch Shell Plc (LON:RDSB) have been assigned an average rating of “Buy” from the nineteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,411.32 ($31.30).
Several equities analysts have recently weighed in on the stock. UBS AG set a GBX 2,550 ($33.10) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Tuesday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,750 ($35.70) price target on shares of Royal Dutch Shell Plc in a research note on Tuesday. J P Morgan Chase & Co set a GBX 2,400 ($31.16) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 2,520 ($32.71) price target on shares of Royal Dutch Shell Plc in a research note on Monday, July 31st. Finally, Societe Generale decreased their price target on shares of Royal Dutch Shell Plc from GBX 2,500 ($32.45) to GBX 2,350 ($30.51) and set a “buy” rating for the company in a research note on Thursday, July 27th.
Shares of Royal Dutch Shell Plc (LON RDSB) traded down 0.72% on Friday, reaching GBX 2145.50. 3,716,383 shares of the company were exchanged. The stock’s market capitalization is GBX 176.21 billion. The stock has a 50 day moving average price of GBX 2,125.96 and a 200-day moving average price of GBX 2,163.95. Royal Dutch Shell Plc has a 12 month low of GBX 1,869.25 and a 12 month high of GBX 2,403.68.
The company also recently announced a dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 10th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.72%.
ILLEGAL ACTIVITY WARNING: “Royal Dutch Shell Plc (RDSB) Given Average Recommendation of “Buy” by Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/18/royal-dutch-shell-plc-rdsb-given-average-recommendation-of-buy-by-brokerages.html.
Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
Receive News & Ratings for Royal Dutch Shell Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell Plc and related companies with MarketBeat.com's FREE daily email newsletter.