UBS AG set a GBX 2,550 ($33.10) price objective on Royal Dutch Shell Plc (LON:RDSB) in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
A number of other research firms have also issued reports on RDSB. Jefferies Group LLC set a GBX 2,600 ($33.75) price target on Royal Dutch Shell Plc and gave the company a buy rating in a research report on Saturday, May 20th. Panmure Gordon reaffirmed a buy rating and issued a GBX 2,500 ($32.45) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. J P Morgan Chase & Co set a GBX 2,400 ($31.16) price target on Royal Dutch Shell Plc and gave the company a buy rating in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a sell rating and issued a GBX 1,900 ($24.67) price target on shares of Royal Dutch Shell Plc in a research report on Monday, May 8th. Finally, HSBC Holdings plc reissued a buy rating and set a GBX 2,500 ($32.45) target price on shares of Royal Dutch Shell Plc in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 2,411.32 ($31.30).
Royal Dutch Shell Plc (LON:RDSB) opened at 2145.50 on Tuesday. The firm has a 50-day moving average of GBX 2,125.96 and a 200-day moving average of GBX 2,163.95. Royal Dutch Shell Plc has a one year low of GBX 1,869.25 and a one year high of GBX 2,403.68. The company’s market capitalization is GBX 176.21 billion.
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The business also recently announced a dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 10th will be paid a $0.47 dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.72%.
About Royal Dutch Shell Plc
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
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