Royal Dutch Shell PLC (RDS.A) Rating Lowered to Neutral at Macquarie
Royal Dutch Shell PLC (NYSE:RDS.A) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Wednesday, MarketBeat reports.
Several other equities research analysts have also issued reports on the stock. TheStreet upgraded shares of Royal Dutch Shell PLC from a “c” rating to a “b-” rating in a research report on Thursday, May 4th. Scotiabank set a $54.00 target price on shares of Royal Dutch Shell PLC and gave the company a “hold” rating in a research report on Saturday, May 6th. Societe Generale upgraded shares of Royal Dutch Shell PLC from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. Simmons dropped their target price on shares of Royal Dutch Shell PLC from $61.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 20th. Finally, Citigroup Inc. lowered shares of Royal Dutch Shell PLC from a “neutral” rating to a “sell” rating and set a $47.00 target price for the company. in a research report on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $57.78.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.799 per share. This represents a $3.20 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Wednesday, May 17th. Royal Dutch Shell PLC’s dividend payout ratio (DPR) is presently 171.12%.
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Royal Dutch Shell PLC 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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