Royal Dutch Shell Plc (LON:RDSA) had its price objective dropped by equities research analysts at Barclays PLC from GBX 2,800 ($34.58) to GBX 2,750 ($33.96) in a research note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s target price suggests a potential upside of 29.96% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,600 ($32.11) price objective on shares of Royal Dutch Shell Plc in a research note on Thursday, March 16th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 2,450 ($30.26) price objective on shares of Royal Dutch Shell Plc in a research note on Tuesday, March 14th. Royal Bank of Canada raised their price objective on shares of Royal Dutch Shell Plc from GBX 2,500 ($30.88) to GBX 2,600 ($32.11) and gave the stock an “outperform” rating in a research note on Monday, March 13th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,600 ($32.11) price objective on shares of Royal Dutch Shell Plc in a research note on Monday, February 27th. Finally, Macquarie restated an “outperform” rating and issued a GBX 2,400 ($29.64) price objective (down previously from GBX 2,450 ($30.26)) on shares of Royal Dutch Shell Plc in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 2,323.19 ($28.69).
Royal Dutch Shell Plc (LON:RDSA) opened at 2137.00 on Tuesday. The stock’s 50 day moving average is GBX 2,125.97 and its 200 day moving average is GBX 2,077.65. Royal Dutch Shell Plc has a 52-week low of GBX 1,622.00 and a 52-week high of GBX 2,295.50.
The business also recently disclosed a dividend, which will be paid on Monday, March 27th. Shareholders of record on Thursday, February 16th will be issued a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date is Thursday, February 16th. This represents a dividend yield of 1.73%.
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In other Royal Dutch Shell Plc news, insider Simon Henry sold 50,000 shares of Royal Dutch Shell Plc stock in a transaction on 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).
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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