Royal Bank Of Canada Reiterates “GBX 2,500” Price Target for Royal Dutch Shell Plc (RDSB)
Royal Bank Of Canada set a GBX 2,500 ($33.62) target price on Royal Dutch Shell Plc (LON:RDSB) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the stock.
Several other analysts have also recently weighed in on the company. J P Morgan Chase & Co set a GBX 2,400 ($32.28) price target on Royal Dutch Shell Plc and gave the company a buy rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.89) price objective on Royal Dutch Shell Plc and gave the stock a buy rating in a report on Monday, September 11th. UBS AG set a GBX 2,550 ($34.29) price objective on Royal Dutch Shell Plc and gave the stock a buy rating in a report on Monday, July 10th. HSBC Holdings plc restated a buy rating and issued a GBX 2,500 ($33.62) price objective on shares of Royal Dutch Shell Plc in a research report on Monday, June 26th. Finally, Barclays PLC restated an overweight rating and issued a GBX 2,750 ($36.98) price objective on shares of Royal Dutch Shell Plc in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. Royal Dutch Shell Plc presently has an average rating of Buy and an average target price of GBX 2,412.89 ($32.45).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2294.50 on Thursday. The stock has a 50 day moving average of GBX 2,176.04 and a 200-day moving average of GBX 2,153.87. The firm’s market capitalization is GBX 188.44 billion. Royal Dutch Shell Plc has a 1-year low of GBX 1,978.50 and a 1-year high of GBX 2,403.68.
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The firm also recently declared a dividend, which was paid on Monday, September 18th. Shareholders of record on Thursday, August 10th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 1.72%.
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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