Royal Dutch Shell plc’s (RDSA) Overweight Rating Reaffirmed at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Royal Dutch Shell plc (LON:RDSA) in a report published on Friday. The brokerage currently has a GBX 2,850 ($37.49) target price on the stock.
Several other research firms have also recently issued reports on RDSA. J P Morgan Chase & Co reissued an overweight rating and set a GBX 2,650 ($34.85) target price on shares of Royal Dutch Shell plc in a report on Thursday. Morgan Stanley increased their target price on shares of Royal Dutch Shell plc from GBX 2,770 ($36.43) to GBX 2,930 ($38.54) and gave the stock a top pick rating in a report on Tuesday. Credit Suisse Group reissued an outperform rating and set a GBX 2,635 ($34.66) target price on shares of Royal Dutch Shell plc in a report on Thursday. Deutsche Bank AG increased their target price on shares of Royal Dutch Shell plc from GBX 2,450 ($32.22) to GBX 2,675 ($35.18) and gave the stock a buy rating in a report on Sunday, November 5th. Finally, HSBC Holdings plc increased their target price on shares of Royal Dutch Shell plc from GBX 2,500 ($32.88) to GBX 2,600 ($34.20) and gave the stock a buy rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 2,524.17 ($33.20).
Royal Dutch Shell plc (LON RDSA) traded down GBX 37.50 ($0.49) on Friday, reaching GBX 2,418 ($31.80). 5,663,280 shares of the company traded hands, compared to its average volume of 5,240,000. Royal Dutch Shell plc has a 1 year low of GBX 1,922.50 ($25.29) and a 1 year high of GBX 2,516.32 ($33.10).
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The business also recently announced a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be given a $0.47 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a yield of 1.5%.
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