Royal Dutch Shell Plc (RDSB) Rating Reiterated by Societe Generale
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reaffirmed by research analysts at Societe Generale in a research report issued on Thursday. They presently have a GBX 2,500 ($30.97) price objective on the stock. Societe Generale’s price objective indicates a potential upside of 22.67% from the company’s current price.
RDSB has been the subject of a number of other reports. Barclays PLC restated an “overweight” rating and set a GBX 2,600 ($32.21) price target on shares of Royal Dutch Shell Plc in a research note on Monday, July 18th. Panmure Gordon reiterated a “buy” rating and set a GBX 2,300 ($28.49) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, October 5th. HSBC reiterated a “buy” rating and set a GBX 2,250 ($27.87) price objective (down from GBX 2,275 ($28.18)) on shares of Royal Dutch Shell Plc in a research note on Tuesday, August 2nd. Royal Bank Of Canada reiterated a “sector performer” rating and set a GBX 2,100 ($26.01) price objective on shares of Royal Dutch Shell Plc in a research note on Thursday, October 20th. Finally, Deutsche Bank AG set a GBX 2,220 ($27.50) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, October 18th. 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,069.01 ($25.63).
Royal Dutch Shell Plc (LON:RDSB) opened at 2043.00 on Thursday. The firm’s 50-day moving average is GBX 2,109.82 and its 200-day moving average is GBX 1,954.28. 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 company’s market capitalization is GBX 164.55 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 10th will be given a GBX 0.47 ($0.01) dividend. This represents a yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 10th.
Royal Dutch Shell Plc Company Profile
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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