Royal Dutch Shell (RDSB) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Royal Dutch Shell (LON:RDSB) in a research note published on Tuesday, January 2nd. They currently have a GBX 2,800 ($37.97) price objective on the stock.

Several other analysts have also weighed in on RDSB. Deutsche Bank set a GBX 2,450 ($33.22) price objective on Royal Dutch Shell and gave the company a buy rating in a report on Monday, September 4th. BNP Paribas set a GBX 2,400 ($32.55) target price on Royal Dutch Shell and gave the stock a buy rating in a research report on Tuesday, September 5th. Goldman Sachs Group set a GBX 2,520 ($34.17) target price on Royal Dutch Shell and gave the stock a buy rating in a research report on Monday, September 11th. Beaufort Securities reaffirmed a buy rating and set a GBX 2,500 ($33.90) target price on shares of Royal Dutch Shell in a research report on Thursday, September 21st. Finally, UBS Group set a GBX 2,550 ($34.58) target price on Royal Dutch Shell and gave the stock a buy rating in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. Royal Dutch Shell presently has a consensus rating of Buy and an average target price of GBX 2,589.47 ($35.12).

Shares of Royal Dutch Shell (RDSB) traded down GBX 4 ($0.05) during mid-day trading on Tuesday, reaching GBX 2,603 ($35.30). The company’s stock had a trading volume of 2,170,000 shares, compared to its average volume of 3,960,000. Royal Dutch Shell has a one year low of GBX 2,037 ($27.62) and a one year high of GBX 2,611.50 ($35.41). The firm has a market cap of $241,690.00 and a price-to-earnings ratio of 2,410.19.

The company also recently declared a dividend, which was paid on Wednesday, December 20th. Shareholders of record on Thursday, November 16th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a yield of 1.47%.

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Royal Dutch Shell Company Profile

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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