Royal Dutch Shell Plc (RDSB) Given a GBX 2,500 Price Target by Deutsche Bank AG Analysts

Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,500 ($32.27) target price by investment analysts at Deutsche Bank AG in a report issued on Friday, May 5th. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 15.47% from the company’s current price.

Several other brokerages have also commented on RDSB. Jefferies Group LLC set a GBX 2,700 ($34.85) price objective on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Tuesday, January 17th. Macquarie lowered their target price on shares of Royal Dutch Shell Plc from GBX 2,450 ($31.63) to GBX 2,400 ($30.98) and set an “outperform” rating for the company in a report on Friday, February 3rd. Barclays PLC reiterated an “overweight” rating and set a GBX 2,650 ($34.21) target price on shares of Royal Dutch Shell Plc in a report on Friday, January 27th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 2,700 ($34.85) target price on shares of Royal Dutch Shell Plc in a report on Thursday, April 13th. Finally, Goldman Sachs Group Inc set a GBX 2,400 ($30.98) target price on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Monday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,459.72 ($31.75).

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

Royal Dutch Shell Plc (LON:RDSB) traded up 0.19% during midday trading on Friday, hitting GBX 2165.00. The company’s stock had a trading volume of 8,825,837 shares. Royal Dutch Shell Plc has a 52-week low of GBX 1,646.00 and a 52-week high of GBX 2,403.68. The stock has a 50 day moving average of GBX 2,153.13 and a 200 day moving average of GBX 2,207.40. The company’s market cap is GBX 176.55 billion.

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

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About Royal Dutch Shell Plc

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.

12 Month Chart for LON:RDSB

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