Royal Dutch Shell PLC (RDS.A) Receives Consensus Recommendation of “Buy” from Analysts
Royal Dutch Shell PLC (NYSE:RDS.A) has been assigned an average recommendation of “Buy” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $57.00.
Several equities research analysts recently issued reports on the company. Scotiabank set a $54.00 price objective on Royal Dutch Shell PLC and gave the stock a “hold” rating in a report on Saturday, May 6th. Zacks Investment Research upgraded Royal Dutch Shell PLC from a “sell” rating to a “hold” rating in a report on Monday, August 7th. TheStreet upgraded Royal Dutch Shell PLC from a “c” rating to a “b-” rating in a report on Thursday, May 4th. Exane BNP Paribas upgraded Royal Dutch Shell PLC from a “neutral” rating to an “outperform” rating in a report on Friday, May 26th. Finally, BNP Paribas upgraded Royal Dutch Shell PLC from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $47.00 to $57.00 in a report on Monday, May 29th.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be paid a $0.799 dividend. This represents a $3.20 dividend on an annualized basis and a yield of Infinity. The ex-dividend date is Wednesday, August 9th. Royal Dutch Shell PLC’s dividend payout ratio (DPR) is 163.27%.
About Royal Dutch Shell PLC
The Royal Dutch Shell plc explores for crude oil and natural gas around 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, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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