Royal Dutch Shell Plc (RDSB) Given a GBX 2,325 Price Target at Credit Suisse Group AG
Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,325 ($29.05) price objective by equities research analysts at Credit Suisse Group AG in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group AG’s target price points to a potential upside of 10.40% from the company’s previous close.
Other research analysts have also issued research reports about the stock. HSBC dropped their price target on shares of Royal Dutch Shell Plc from GBX 2,250 ($28.11) to GBX 2,150 ($26.86) and set a “buy” rating on the stock in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. set a GBX 2,250 ($28.11) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Friday, July 29th. Liberum Capital restated a “buy” rating and set a GBX 2,071 ($25.87) price target on shares of Royal Dutch Shell Plc in a research note on Thursday, July 28th. Panmure Gordon restated a “buy” rating and set a GBX 2,300 ($28.74) price target on shares of Royal Dutch Shell Plc in a research note on Wednesday, October 5th. Finally, Deutsche Bank AG set a GBX 2,220 ($27.74) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Tuesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Dutch Shell Plc has a consensus rating of “Buy” and a consensus target price of GBX 2,075.74 ($25.93).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2107.50 on Thursday. The company’s market cap is GBX 169.74 billion. Royal Dutch Shell Plc has a 52-week low of GBX 1,261.03 and a 52-week high of GBX 2,251.50. The stock has a 50 day moving average of GBX 2,135.62 and a 200 day moving average of GBX 1,973.86.
The company also recently announced a dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 10th will be given a dividend of GBX 0.47 ($0.01) per share. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 10th.
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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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