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

Shares of Royal Dutch Shell Plc (LON:RDSB) have earned an average recommendation of “Buy” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,459.72 ($31.34).

RDSB has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their price target on Royal Dutch Shell Plc from GBX 2,500 ($31.85) to GBX 2,600 ($33.13) and gave the stock an “outperform” rating in a report on Monday, March 13th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,750 ($35.04) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Deutsche Bank AG set a GBX 2,500 ($31.85) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Friday, May 5th. Panmure Gordon restated a “buy” rating and set a GBX 2,500 ($31.85) target price on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Finally, Beaufort Securities restated a “buy” rating and set a GBX 2,500 ($31.85) target price on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th.

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Shares of Royal Dutch Shell Plc (RDSB) traded down 2.28% during trading on Friday, hitting GBX 2125.50. 6,659,890 shares of the stock traded hands. The company’s market cap is GBX 173.33 billion. The firm’s 50-day moving average price is GBX 2,152.30 and its 200-day moving average price is GBX 2,216.26. Royal Dutch Shell Plc has a 52 week low of GBX 1,775.50 and a 52 week high of GBX 2,403.68.

The company also recently declared a dividend, which will be paid on Monday, June 26th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 1.77%.

About Royal Dutch Shell Plc

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.

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