Analysts Set Royal Dutch Shell Plc (RDSA) Target Price at $2,440.08
Shares of Royal Dutch Shell Plc (LON:RDSA) have earned an average recommendation of “Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,440.08 ($30.87).
RDSA has been the topic of a number of research analyst reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,600 ($32.89) target price on shares of Royal Dutch Shell Plc in a report on Friday, May 5th. Barclays PLC reaffirmed an “overweight” rating on shares of Royal Dutch Shell Plc in a report on Monday, April 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,450 ($30.99) target price on shares of Royal Dutch Shell Plc in a report on Tuesday, March 14th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,500 ($31.63) target price on shares of Royal Dutch Shell Plc in a report on Friday, May 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Royal Dutch Shell Plc in a report on Thursday, April 6th.
Royal Dutch Shell Plc (LON RDSA) opened at 2115.00 on Friday. Royal Dutch Shell Plc has a 52-week low of GBX 1,702.58 and a 52-week high of GBX 2,295.50. The firm’s 50-day moving average price is GBX 2,097.61 and its 200 day moving average price is GBX 2,129.48.
The firm also recently announced a dividend, which will be paid on Monday, June 26th. Investors of record on Thursday, May 18th will be given a $0.47 dividend. This represents a yield of 1.8%. The ex-dividend date is Thursday, May 18th.
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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