Barclays PLC Reiterates Overweight Rating for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a report released on Tuesday. They currently have a GBX 2,600 ($32.48) target price on the stock. Barclays PLC’s price target suggests a potential upside of 25.85% from the stock’s previous close.
RDSB has been the subject of a number of other reports. Deutsche Bank AG set a GBX 2,135 ($26.67) target price on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, July 25th. Jefferies Group upped their target price on Royal Dutch Shell Plc from GBX 2,400 ($29.99) to GBX 2,450 ($30.61) and gave the company a “buy” rating in a research report on Wednesday, November 2nd. Goldman Sachs Group Inc. set a GBX 2,230 ($27.86) target price on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Friday, August 5th. Royal Bank Of Canada reiterated a “sector performer” rating and set a GBX 2,100 ($26.24) target price on shares of Royal Dutch Shell Plc in a research report on Thursday, October 20th. Finally, HSBC set a GBX 2,380 ($29.74) target price on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 2,069.01 ($25.85).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2066.00 on Tuesday. The firm’s market capitalization is GBX 166.40 billion. The company has a 50-day moving average price of GBX 2,118.76 and a 200-day moving average price of GBX 1,962.05. 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 business also recently announced a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 10th will be issued a GBX 0.47 ($0.01) dividend. The ex-dividend date is Thursday, November 10th. This represents a dividend yield of 1.75%.
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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