Royal Dutch Shell Plc (RDSA) Receives “Overweight” Rating from Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of Royal Dutch Shell Plc (LON:RDSA) in a research note released on Tuesday morning. The brokerage currently has a GBX 2,750 ($34.33) price objective on the stock.

A number of other equities analysts also recently commented on RDSA. Macquarie reiterated an outperform rating and set a GBX 2,400 ($29.96) price objective (down previously from GBX 2,450 ($30.58)) on shares of Royal Dutch Shell Plc in a research report on Friday, February 3rd. Jefferies Group LLC reiterated a buy rating and set a GBX 2,700 ($33.70) price objective on shares of Royal Dutch Shell Plc in a research report on Friday, February 3rd. HSBC Holdings plc reiterated a buy rating and set a GBX 2,600 ($32.46) price objective on shares of Royal Dutch Shell Plc in a research report on Thursday, March 16th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 2,450 ($30.58) price objective on shares of Royal Dutch Shell Plc in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 2,600 ($32.46) price objective on shares of Royal Dutch Shell Plc in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 2,323.19 ($29.00).

Royal Dutch Shell Plc (LON:RDSA) traded up 0.98% during trading on Tuesday, hitting GBX 2120.00. The stock had a trading volume of 2,509,686 shares. The firm has a 50 day moving average of GBX 2,110.53 and a 200-day moving average of GBX 2,096.24. Royal Dutch Shell Plc has a one year low of GBX 1,644.10 and a one year high of GBX 2,295.50.

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The company also recently disclosed a dividend, which was paid on Monday, March 27th. Investors of record on Thursday, February 16th were issued a GBX 0.47 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a dividend yield of 1.73%.

In related news, insider Simon Henry sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of GBX 2,285 ($28.52), for a total value of £1,142,500 ($1,426,164.02).

Royal Dutch Shell Plc Company Profile

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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