Royal Dutch Shell Plc (RDSA) Receives Outperform Rating from Credit Suisse Group AG
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group AG in a note issued to investors on Thursday. They currently have a GBX 2,325 ($28.84) price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 14.76% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a GBX 2,450 ($30.39) price objective on shares of Royal Dutch Shell Plc in a report on Tuesday, November 15th. Barclays PLC increased their price objective on Royal Dutch Shell Plc from GBX 2,600 ($32.25) to GBX 2,960 ($36.72) and gave the stock an “overweight” rating in a report on Monday, October 10th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,220 ($27.54) price objective on shares of Royal Dutch Shell Plc in a report on Tuesday, October 18th. HSBC increased their price objective on Royal Dutch Shell Plc from GBX 2,050 ($25.43) to GBX 2,260 ($28.04) and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 1,830 ($22.70) price objective on shares of Royal Dutch Shell Plc in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,145.06 ($26.61).
Royal Dutch Shell Plc (LON:RDSA) opened at 2026.00 on Thursday. The company has a 50 day moving average of GBX 2,043.31 and a 200-day moving average of GBX 1,921.68. Royal Dutch Shell Plc has a one year low of GBX 1,256.00 and a one year high of GBX 2,140.00.
The business also recently disclosed a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 10th will be given a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date is Thursday, November 10th. This represents a dividend yield of 1.81%.
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About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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