Royal Dutch Shell Plc (RDSB) PT Lowered to GBX 2,750
Royal Dutch Shell Plc (LON:RDSB) had its price objective cut by equities research analysts at Barclays PLC from GBX 2,800 ($34.58) to GBX 2,750 ($33.96) in a research note issued to investors on Tuesday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective points to a potential upside of 24.07% from the stock’s previous close.
A number of other equities research analysts have also recently commented on RDSB. Credit Suisse Group AG set a GBX 2,450 ($30.26) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, March 14th. Macquarie reduced their price objective on Royal Dutch Shell Plc from GBX 2,450 ($30.26) to GBX 2,400 ($29.64) and set an “outperform” rating for the company in a research note on Friday, February 3rd. Royal Bank of Canada raised Royal Dutch Shell Plc to an “outperform” rating and set a GBX 2,500 ($30.88) price objective for the company in a research note on Wednesday, January 4th. Deutsche Bank AG set a GBX 2,450 ($30.26) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Friday, January 13th. Finally, Societe Generale set a GBX 2,450 ($30.26) price objective on Royal Dutch Shell Plc and gave the company a “neutral” rating in a research note on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,463.82 ($30.43).
Royal Dutch Shell Plc (LON:RDSB) opened at 2233.50 on Tuesday. Royal Dutch Shell Plc has a 12 month low of GBX 1,633.50 and a 12 month high of GBX 2,403.68. The firm’s market cap is GBX 181.93 billion. The firm’s 50-day moving average is GBX 2,222.88 and its 200-day moving average is GBX 2,172.16.
The firm also recently declared a dividend, which will be paid on Monday, March 27th. Investors of record on Thursday, February 16th will be issued a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a yield of 1.66%.
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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’s segments include Integrated Gas, Upstream and Downstream and Corporate.
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