Royal Bank of Canada Reiterates Outperform Rating for Royal Dutch Shell (RDSB)

Royal Bank of Canada reissued their outperform rating on shares of Royal Dutch Shell (LON:RDSB) in a research note issued to investors on Thursday morning. They currently have a GBX 3,200 ($41.81) price target on the stock.

Several other brokerages also recently issued reports on RDSB. HSBC reissued a hold rating on shares of Royal Dutch Shell in a research note on Friday, July 20th. UBS Group set a GBX 2,950 ($38.55) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday, October 3rd. Goldman Sachs Group set a GBX 3,500 ($45.73) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Monday, October 1st. Berenberg Bank reissued a hold rating and set a GBX 2,800 ($36.59) target price on shares of Royal Dutch Shell in a research note on Tuesday, October 2nd. Finally, BNP Paribas reissued an outperform rating and set a GBX 3,450 ($45.08) target price on shares of Royal Dutch Shell in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. Royal Dutch Shell has a consensus rating of Buy and an average price target of GBX 2,962.06 ($38.70).

Shares of LON:RDSB opened at GBX 2,467.50 ($32.24) on Thursday. Royal Dutch Shell has a 12-month low of GBX 2,037 ($26.62) and a 12-month high of GBX 2,617 ($34.20).

The business also recently declared a dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Thursday, November 15th will be paid a $0.47 dividend. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, November 15th.

Royal Dutch Shell Company Profile

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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