Analysts Set Royal Dutch Shell Plc (RDSB) Target Price at $2,063.76
Royal Dutch Shell Plc (LON:RDSB) has earned a consensus recommendation of “Buy” from the twenty-seven brokerages that are covering the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,060.57 ($25.52).
Several research firms recently commented on RDSB. Barclays PLC restated an “overweight” rating and issued a GBX 2,600 ($32.21) target price on shares of Royal Dutch Shell Plc in a research report on Monday, July 18th. JPMorgan Chase & Co. raised their target price on Royal Dutch Shell Plc from GBX 1,630 ($20.19) to GBX 1,952 ($24.18) and gave the company a “neutral” rating in a research report on Thursday, July 21st. Deutsche Bank AG set a GBX 2,135 ($26.45) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, July 25th. Liberum Capital reiterated a “buy” rating and set a GBX 2,071 ($25.65) price target on shares of Royal Dutch Shell Plc in a research report on Thursday, July 28th. Finally, S&P Global Inc. set a GBX 1,950 ($24.15) price target on Royal Dutch Shell Plc and gave the company a “neutral” rating in a research report on Thursday, July 28th.
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2096.00 on Tuesday. The stock has a 50 day moving average price of GBX 2,106.57 and a 200 day moving average price of GBX 1,953.70. Royal Dutch Shell Plc has a 12 month low of GBX 1,261.03 and a 12 month high of GBX 2,251.50. The stock’s market capitalization is GBX 168.82 billion.
The company also recently announced a dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 10th will be given a dividend of GBX 0.47 ($0.01) per share. This represents a yield of 1.75%. The ex-dividend date is Thursday, November 10th.
About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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