Royal Dutch Shell Plc (RDSA) Given New GBX 2,750 Price Target at Barclays PLC
Royal Dutch Shell Plc (LON:RDSA) had its target price decreased by equities research analysts at Barclays PLC from GBX 2,800 ($34.58) to GBX 2,750 ($33.96) in a report issued on Tuesday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 29.96% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,500 ($30.88) target price on shares of Royal Dutch Shell Plc in a report on Thursday, December 1st. Royal Bank of Canada increased their target price on shares of Royal Dutch Shell Plc from GBX 2,500 ($30.88) to GBX 2,600 ($32.11) and gave the stock an “outperform” rating in a report on Monday, March 13th. HSBC Holdings plc increased their target price on shares of Royal Dutch Shell Plc from GBX 2,360 ($29.15) to GBX 2,600 ($32.11) and gave the stock a “buy” rating in a report on Tuesday, January 10th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,325 ($28.71) target price on shares of Royal Dutch Shell Plc in a report on Thursday, December 1st. Finally, Jefferies Group LLC increased their target price on shares of Royal Dutch Shell Plc from GBX 2,450 ($30.26) to GBX 2,700 ($33.35) and gave the stock a “buy” rating in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Royal Dutch Shell Plc presently has a consensus rating of “Buy” and a consensus target price of GBX 2,323.19 ($28.69).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2137.00 on Tuesday. Royal Dutch Shell Plc has a 52 week low of GBX 1,622.00 and a 52 week high of GBX 2,295.50. The company has a 50 day moving average of GBX 2,125.97 and a 200 day moving average of GBX 2,077.65.
The company also recently declared a dividend, which will be paid on Monday, March 27th. Stockholders of record on Thursday, February 16th will be given a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date is Thursday, February 16th. This represents a dividend yield of 1.73%.
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In other news, insider Simon Henry sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of GBX 2,285 ($28.22), for a total transaction of £1,142,500 ($1,411,016.43).
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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