Credit Suisse Group Analysts Give Royal Dutch Shell Plc (RDSB) a GBX 2,500 Price Target

Royal Dutch Shell Plc (LON:RDSB) received a GBX 2,500 ($31.85) price objective from Credit Suisse Group in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 19.19% from the company’s previous close.

RDSB has been the topic of several other reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,600 ($33.13) price objective on shares of Royal Dutch Shell Plc in a report on Wednesday, June 14th. Barclays PLC reiterated an “overweight” rating and set a GBX 2,800 ($35.67) price target on shares of Royal Dutch Shell Plc in a research report on Friday, March 3rd. Morgan Stanley set a GBX 2,750 ($35.04) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, April 24th. Macquarie cut Royal Dutch Shell Plc to a “neutral” rating and decreased their price target for the company from GBX 2,400 ($30.58) to GBX 2,150 ($27.39) in a research report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) upped their price target on Royal Dutch Shell Plc from GBX 2,400 ($30.58) to GBX 2,440 ($31.09) and gave the company a “buy” rating in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 2,445.83 ($31.16).

Analyst Recommendations for Royal Dutch Shell Plc (LON:RDSB)

Royal Dutch Shell Plc (LON:RDSB) opened at 2097.50 on Friday. The company’s 50-day moving average is GBX 2,150.08 and its 200-day moving average is GBX 2,215.50. 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’s market capitalization is GBX 171.05 billion.

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

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Royal Dutch Shell Plc 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.

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