Barclays PLC Reiterates Overweight Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a research report issued to clients and investors on Friday. They currently have a GBX 2,600 ($32.48) price objective on the stock. Barclays PLC’s target price suggests a potential upside of 34.85% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. HSBC reiterated a “buy” rating and issued a GBX 2,180 ($27.24) price target (down previously from GBX 2,275 ($28.42)) on shares of Royal Dutch Shell Plc in a report on Tuesday, August 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of Royal Dutch Shell Plc in a report on Monday, July 25th. Jefferies Group reiterated a “buy” rating and issued a GBX 2,400 ($29.99) price target on shares of Royal Dutch Shell Plc in a report on Friday, July 29th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 2,500 ($31.23) price target on shares of Royal Dutch Shell Plc in a report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,139.50 ($26.73).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 1928.00 on Friday. The stock’s 50 day moving average price is GBX 2,024.85 and its 200-day moving average price is GBX 1,903.77. Royal Dutch Shell Plc has a 52-week low of GBX 1,256.00 and a 52-week high of GBX 2,140.00.
The company also recently announced a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 10th will be paid a dividend of GBX 0.47 ($0.01) per share. This represents a yield of 1.81%. 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, 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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