Credit Suisse Group restated their outperform rating on shares of Royal Dutch Shell Plc (LON:RDSA) in a report issued on Friday morning. They currently have a GBX 2,450 ($30.52) target price on the stock.
A number of other research firms have also commented on RDSA. Societe Generale reaffirmed a buy rating and issued a GBX 2,500 ($31.14) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, November 2nd. Jefferies Group LLC lifted their price objective on Royal Dutch Shell Plc from GBX 2,400 ($29.90) to GBX 2,450 ($30.52) and gave the stock a buy rating in a research note on Wednesday, November 2nd. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 2,220 ($27.65) price objective on shares of Royal Dutch Shell Plc in a research note on Tuesday, October 18th. Finally, HSBC Holdings plc lifted their price objective on Royal Dutch Shell Plc from GBX 2,050 ($25.54) to GBX 2,260 ($28.15) and gave the stock a buy rating in a research note on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 2,248.59 ($28.01).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2121.50 on Friday. Royal Dutch Shell Plc has a 1-year low of GBX 1,405.50 and a 1-year high of GBX 2,295.50. The firm’s 50-day moving average is GBX 2,213.36 and its 200-day moving average is GBX 2,036.17.
The firm also recently disclosed a dividend, which will be paid on Monday, March 27th. Shareholders of record on Thursday, February 16th will be given a GBX 0.47 ($0.01) dividend. The ex-dividend date is Thursday, February 16th. This represents a yield of 1.73%.
In other Royal Dutch Shell Plc news, insider Simon Henry sold 50,000 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of GBX 2,163 ($26.94), for a total value of £1,081,500 ($1,347,159.94).
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.