Royal Dutch Shell Plc (RDSB) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Royal Dutch Shell Plc (LON:RDSB) have been given an average rating of “Buy” by the twenty brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,605.56 ($36.57).

Several research firms have weighed in on RDSB. Deutsche Bank set a GBX 2,700 ($37.90) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Friday, January 12th. Kepler Capital Markets reiterated a “buy” rating on shares of Royal Dutch Shell in a research note on Thursday, January 18th. Barclays reiterated an “overweight” rating and set a GBX 3,000 ($42.11) price target on shares of Royal Dutch Shell in a research note on Friday, January 19th. Credit Suisse Group set a GBX 2,725 ($38.25) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Friday, January 5th. Finally, Societe Generale boosted their price target on Royal Dutch Shell from GBX 2,660 ($37.34) to GBX 2,750 ($38.60) and gave the company a “hold” rating in a research note on Tuesday, January 30th.

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Royal Dutch Shell stock traded down GBX 10 ($0.14) during trading hours on Friday, hitting GBX 2,363 ($33.17). 3,065,843 shares of the stock traded hands, compared to its average volume of 5,080,000. Royal Dutch Shell has a 1 year low of GBX 2,037 ($28.59) and a 1 year high of GBX 2,617 ($36.73).

The business also recently disclosed a dividend, which was paid on Monday, March 26th. Stockholders of record on Thursday, February 15th were issued a $0.47 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 1.35%.

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About Royal Dutch Shell

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.

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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