Morgan Stanley Reiterates “GBX 2,930” Price Target for Royal Dutch Shell plc (RDSB)
A number of other brokerages also recently weighed in on RDSB. J P Morgan Chase & Co set a GBX 2,650 ($34.85) price target on shares of Royal Dutch Shell plc and gave the company a buy rating in a report on Friday, November 3rd. Macquarie reissued a neutral rating and issued a GBX 2,150 ($28.28) price target on shares of Royal Dutch Shell plc in a report on Thursday, October 26th. Deutsche Bank AG increased their price target on shares of Royal Dutch Shell plc from GBX 2,450 ($32.22) to GBX 2,675 ($35.18) and gave the company a buy rating in a report on Monday, November 6th. Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.14) price target on shares of Royal Dutch Shell plc and gave the company a buy rating in a report on Monday, September 11th. Finally, HSBC Holdings plc set a GBX 2,550 ($33.54) price objective on shares of Royal Dutch Shell plc and gave the stock a buy rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 2,545.88 ($33.49).
Shares of Royal Dutch Shell plc (RDSB) traded down GBX 32.50 ($0.43) during trading on Tuesday, reaching GBX 2,457.50 ($32.32). 5,122,539 shares of the company’s stock were exchanged, compared to its average volume of 4,650,000. Royal Dutch Shell plc has a 12-month low of GBX 2,006 ($26.38) and a 12-month high of GBX 2,580.53 ($33.94).
The firm also recently declared a dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.47 per share. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, November 16th.
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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