Royal Dutch Shell (RDSB) Price Target Raised to GBX 2,720
Royal Dutch Shell (LON:RDSB) had its price target hoisted by Jefferies Group from GBX 2,650 ($35.67) to GBX 2,720 ($36.61) in a research note issued to investors on Wednesday. The firm currently has a buy rating on the stock.
Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada restated an outperform rating and issued a GBX 2,500 ($33.65) target price on shares of Royal Dutch Shell in a report on Monday, October 23rd. Macquarie restated a neutral rating and issued a GBX 2,150 ($28.94) target price on shares of Royal Dutch Shell in a report on Thursday, October 26th. Goldman Sachs Group set a GBX 2,580 ($34.72) target price on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Friday, November 3rd. Morgan Stanley set a GBX 2,930 ($39.43) target price on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Tuesday, November 7th. Finally, Citigroup restated a sell rating and issued a GBX 2,050 ($27.59) target price on shares of Royal Dutch Shell in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of GBX 2,582.11 ($34.75).
Shares of Royal Dutch Shell (LON RDSB) opened at GBX 2,471.50 ($33.26) on Wednesday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($27.42) and a fifty-two week high of GBX 2,580.53 ($34.73). The firm has a market cap of $230,470.00 and a PE ratio of 2,267.43.
The company also recently disclosed a dividend, which was paid on Wednesday, December 20th. Shareholders of record on Thursday, November 16th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a yield of 1.47%.
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Royal Dutch Shell Company Profile
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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