Morgan Stanley Reaffirms Overweight Rating for Royal Dutch Shell (RDSB)
RDSB has been the topic of a number of other research reports. Royal Bank Of Canada reissued an outperform rating and issued a GBX 2,500 ($33.48) price objective on shares of Royal Dutch Shell in a research report on Wednesday, November 1st. Deutsche Bank boosted their price objective on shares of Royal Dutch Shell from GBX 2,675 ($35.82) to GBX 2,700 ($36.16) and gave the stock a buy rating in a research report on Wednesday. Jefferies Group set a GBX 2,650 ($35.49) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a research report on Thursday, October 19th. Barclays reissued an overweight rating and issued a GBX 2,750 ($36.83) price objective on shares of Royal Dutch Shell in a research report on Monday, October 2nd. Finally, HSBC set a GBX 2,600 ($34.82) price objective on shares of Royal Dutch Shell and gave the stock a neutral rating in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Royal Dutch Shell has an average rating of Buy and an average target price of GBX 2,567.11 ($34.38).
Shares of Royal Dutch Shell (LON RDSB) traded up £2,370.12 ($3,174.12) during mid-day trading on Wednesday, hitting £2,394 ($3,206.11). 5,673,169 shares of the stock were exchanged, compared to its average volume of 5,160,000. Royal Dutch Shell has a twelve month low of GBX 2,037 ($27.28) and a twelve month high of GBX 2,580.53 ($34.56).
The business also recently disclosed a dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Thursday, November 16th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend 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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