Brokerages Set Royal Dutch Shell Plc (RDSA) Target Price at $2,981.11

Shares of Royal Dutch Shell Plc (LON:RDSA) have been given an average recommendation of “Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 2,981.11 ($38.95).

A number of equities research analysts recently commented on RDSA shares. JPMorgan Chase & Co. lifted their target price on Royal Dutch Shell from GBX 2,700 ($35.28) to GBX 2,850 ($37.24) and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,950 ($38.55) target price on shares of Royal Dutch Shell in a report on Friday, May 3rd. HSBC decreased their target price on Royal Dutch Shell from GBX 2,785 ($36.39) to GBX 2,710 ($35.41) and set a “hold” rating for the company in a report on Wednesday, April 10th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Royal Dutch Shell in a report on Monday. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 3,250 ($42.47) target price on shares of Royal Dutch Shell in a report on Thursday, April 4th.

Royal Dutch Shell stock opened at GBX 2,396 ($31.31) on Friday. The company has a debt-to-equity ratio of 37.93, a current ratio of 1.25 and a quick ratio of 0.82. Royal Dutch Shell has a 52 week low of GBX 2,425 ($31.69) and a 52 week high of GBX 2,525.50 ($33.00). The stock has a market cap of $198.84 billion and a P/E ratio of 855.71.

The business also recently declared a dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 16th will be issued a $0.47 dividend. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 16th. Royal Dutch Shell’s payout ratio is presently 51.43%.

Royal Dutch Shell Company Profile

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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