Royal Dutch Shell Plc (RDSB) Given Buy Rating at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Royal Dutch Shell Plc (LON:RDSB) in a research note released on Wednesday morning. They currently have a GBX 2,220 ($27.74) price target on the stock.
RDSB has been the subject of a number of other reports. Barclays PLC restated an outperform rating and issued a GBX 2,850 ($35.61) price objective on shares of Royal Dutch Shell Plc in a report on Thursday, August 25th. Panmure Gordon restated a buy rating and issued a GBX 2,300 ($28.74) price objective on shares of Royal Dutch Shell Plc in a report on Wednesday, October 5th. HSBC restated a buy rating and issued a GBX 2,250 ($28.11) price objective (down from GBX 2,275 ($28.42)) on shares of Royal Dutch Shell Plc in a report on Tuesday, August 2nd. Royal Bank Of Canada reiterated a sector performer rating and set a GBX 2,100 ($26.24) price target on shares of Royal Dutch Shell Plc in a report on Thursday, October 20th. Finally, Goldman Sachs Group Inc. set a GBX 2,230 ($27.86) price target on Royal Dutch Shell Plc and gave the stock a buy rating in a report on Friday, August 5th. One 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 company has an average rating of Buy and an average price target of GBX 2,069.01 ($25.85).
Shares of Royal Dutch Shell Plc (LON:RDSB) traded up 0.65% during mid-day trading on Wednesday, hitting GBX 2079.50. The stock had a trading volume of 4,510,874 shares. Royal Dutch Shell Plc has a 1-year low of GBX 1,261.03 and a 1-year high of GBX 2,251.50. The firm’s 50 day moving average price is GBX 2,118.76 and its 200 day moving average price is GBX 1,962.05. The company’s market cap is GBX 77887.40 billion.
The company also recently disclosed a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 10th will be paid 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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