Scotiabank set a $54.00 price objective on Royal Dutch Shell plc (NYSE:RDS.A) in a research note published on Monday. The firm currently has a hold rating on the stock.
A number of other brokerages also recently weighed in on RDS.A. Deutsche Bank AG restated a buy rating on shares of Royal Dutch Shell plc in a research report on Monday, March 20th. Zacks Investment Research upgraded shares of Royal Dutch Shell plc from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research report on Wednesday, March 1st. Goldman Sachs Group Inc downgraded shares of Royal Dutch Shell plc from a conviction-buy rating to a buy rating in a research report on Tuesday, February 21st. Societe Generale downgraded shares of Royal Dutch Shell plc from a buy rating to a hold rating in a research report on Monday, January 30th. Finally, Morgan Stanley restated a buy rating on shares of Royal Dutch Shell plc in a research report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $60.00.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Friday, February 17th were given a $0.799 dividend. The ex-dividend date was Wednesday, February 15th. This represents a $3.20 annualized dividend and a yield of Infinity. Royal Dutch Shell plc’s payout ratio is presently 278.26%.
About Royal Dutch Shell plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across 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 and Downstream and Corporate.