Jefferies Group Reaffirms “Buy” Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report issued on Tuesday. They currently have a GBX 2,450 ($30.61) target price on the stock. Jefferies Group’s target price suggests a potential upside of 27.07% from the company’s previous close.
RDSA has been the topic of several other reports. Canaccord Genuity dropped their price objective on shares of Royal Dutch Shell Plc from GBX 1,930 ($24.11) to GBX 1,830 ($22.86) and set a “hold” rating on the stock in a research report on Friday, July 29th. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($32.48) price objective on shares of Royal Dutch Shell Plc in a research report on Monday, July 18th. HSBC increased their price objective on shares of Royal Dutch Shell Plc from GBX 2,050 ($25.61) to GBX 2,260 ($28.24) and gave the company a “buy” rating in a research report on Tuesday, October 11th. BMO Capital Markets increased their price objective on shares of Royal Dutch Shell Plc from GBX 1,600 ($19.99) to GBX 1,900 ($23.74) and gave the company a “market perform” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Royal Dutch Shell Plc from GBX 1,630 ($20.36) to GBX 1,952 ($24.39) and gave the company a “neutral” rating in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. Royal Dutch Shell Plc presently has an average rating of “Buy” and a consensus target price of GBX 2,139.50 ($26.73).
Royal Dutch Shell Plc (LON:RDSA) opened at 1928.00 on Tuesday. Royal Dutch Shell Plc has a one year low of GBX 1,256.00 and a one year high of GBX 2,140.00. The company’s 50-day moving average is GBX 2,024.85 and its 200 day moving average is GBX 1,903.77.
The firm also recently disclosed a dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 10th will be issued a GBX 0.47 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.81%.
Royal Dutch Shell Plc Company Profile
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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