Jefferies Group LLC Reiterates $63.00 Price Target for Royal Dutch Shell PLC (RDS.A)
Several other analysts have also issued reports on the stock. BNP Paribas raised shares of Royal Dutch Shell PLC from a neutral rating to an outperform rating and upped their price target for the stock from $47.00 to $57.00 in a research report on Monday, May 29th. Macquarie lowered shares of Royal Dutch Shell PLC from an outperform rating to a neutral rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Royal Dutch Shell PLC from a sell rating to a hold rating in a research report on Tuesday, May 9th. Societe Generale raised shares of Royal Dutch Shell PLC from a hold rating to a buy rating in a research report on Monday, May 15th. Finally, Scotiabank set a $54.00 price target on shares of Royal Dutch Shell PLC and gave the stock a hold rating in a research report on Saturday, May 6th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $57.13.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 11th will be given a dividend of $0.799 per share. The ex-dividend date is Wednesday, August 9th. This represents a $3.20 annualized dividend and a yield of Infinity. Royal Dutch Shell PLC’s dividend payout ratio 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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