Royal Bank of Canada Reiterates “GBX 2,900” Price Target for Royal Dutch Shell (RDSB)

Royal Bank of Canada set a GBX 2,900 ($37.89) target price on Royal Dutch Shell (LON:RDSB) in a report issued on Tuesday morning. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on RDSB. HSBC set a GBX 2,755 ($36.00) price target on shares of Royal Dutch Shell and gave the company a neutral rating in a report on Thursday, February 14th. Deutsche Bank set a GBX 2,800 ($36.59) price target on shares of Royal Dutch Shell and gave the company a buy rating in a report on Friday, November 2nd. UBS Group set a GBX 2,950 ($38.55) price target on shares of Royal Dutch Shell and gave the company a buy rating in a report on Thursday, November 1st. Sanford C. Bernstein set a GBX 3,300 ($43.12) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Thursday, November 1st. Finally, Goldman Sachs Group set a GBX 3,300 ($43.12) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 2,931.54 ($38.31).

Shares of LON RDSB opened at GBX 2,419 ($31.61) on Tuesday. Royal Dutch Shell has a 52-week low of GBX 2,037 ($26.62) and a 52-week high of GBX 2,617 ($34.20).

The firm also recently disclosed a dividend, which will be paid on Monday, March 25th. Investors of record on Thursday, February 14th will be issued a $0.47 dividend. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, February 14th.

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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