Analysts Set Royal Dutch Shell Plc (RDSA) Target Price at $2,333.64
Royal Dutch Shell Plc (LON:RDSA) has earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 2,333.64 ($28.82).
A number of analysts have weighed in on RDSA shares. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 2,325 ($28.71) price target on shares of Royal Dutch Shell Plc in a research report on Thursday, December 1st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,500 ($30.88) price objective on shares of Royal Dutch Shell Plc in a research report on Thursday, December 1st. BNP Paribas reissued a “neutral” rating and set a GBX 2,250 ($27.79) price objective on shares of Royal Dutch Shell Plc in a research report on Thursday, December 1st. Barclays PLC boosted their price objective on Royal Dutch Shell Plc from GBX 2,600 ($32.11) to GBX 2,650 ($32.73) and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. Finally, Macquarie boosted their price objective on Royal Dutch Shell Plc from GBX 2,350 ($29.02) to GBX 2,450 ($30.26) and gave the stock an “outperform” rating in a research report on Thursday, December 15th.
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2116.00 on Thursday. Royal Dutch Shell Plc has a one year low of GBX 1,622.00 and a one year high of GBX 2,295.50. The company has a 50 day moving average price of GBX 2,125.97 and a 200 day moving average price of GBX 2,077.65.
The company also recently declared a dividend, which will be paid on Monday, March 27th. Investors of record on Thursday, February 16th will be paid a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date is Thursday, February 16th. This represents a yield of 1.73%.
In related news, insider Simon Henry sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of GBX 2,285 ($28.22), for a total transaction of £1,142,500 ($1,411,016.43).
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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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