Royal Dutch Shell Plc (RDSA) Price Target Raised to GBX 2,500 at Credit Suisse Group AG

Royal Dutch Shell Plc (LON:RDSA) had its target price hoisted by Credit Suisse Group AG from GBX 2,450 ($31.63) to GBX 2,500 ($32.27) in a research note released on Friday, May 5th. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Jefferies Group LLC lifted their price target on Royal Dutch Shell Plc from GBX 2,450 ($31.63) to GBX 2,700 ($34.85) and gave the company a buy rating in a research note on Tuesday, January 17th. Barclays PLC lifted their price objective on Royal Dutch Shell Plc from GBX 2,268 ($29.28) to GBX 2,650 ($34.21) and gave the stock an overweight rating in a report on Thursday, January 5th. HSBC Holdings plc boosted their target price on Royal Dutch Shell Plc from GBX 2,360 ($30.46) to GBX 2,600 ($33.56) and gave the stock a buy rating in a report on Tuesday, January 10th. Morgan Stanley upped their price objective on Royal Dutch Shell Plc from GBX 2,600 ($33.56) to GBX 2,750 ($35.50) and gave the company an overweight rating in a report on Friday, January 27th. Finally, Macquarie reissued an outperform rating and issued a GBX 2,400 ($30.98) target price (down previously from GBX 2,450 ($31.63)) on shares of Royal Dutch Shell Plc in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. Royal Dutch Shell Plc currently has an average rating of Buy and an average price target of GBX 2,426.50 ($31.32).

Royal Dutch Shell Plc (LON:RDSA) traded up 0.45% during trading on Friday, hitting GBX 2118.00. The company’s stock had a trading volume of 7,720,445 shares. The firm has a 50 day moving average of GBX 2,085.74 and a 200 day moving average of GBX 2,117.90. Royal Dutch Shell Plc has a 12 month low of GBX 1,645.00 and a 12 month high of GBX 2,295.50.

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The business also recently declared a dividend, which will be paid on Monday, June 26th. Shareholders of record on Thursday, May 18th will be issued a $0.47 dividend. The ex-dividend date is Thursday, May 18th. This represents a dividend yield of 1.8%.

About Royal Dutch Shell Plc

Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.

12 Month Chart for LON:RDSA

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