Main First Bank assumed coverage on shares of Royal Dutch Shell (LON:RDSA) in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. The firm issued an outperform rating on the stock.
Several other brokerages have also recently issued reports on RDSA. HSBC reduced their price objective on Royal Dutch Shell from GBX 2,500 ($32.67) to GBX 2,480 ($32.41) and set a hold rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Royal Dutch Shell in a report on Monday, November 4th. Jefferies Financial Group reiterated a buy rating and set a GBX 2,780 ($36.33) target price on shares of Royal Dutch Shell in a research note on Friday, November 1st. Barclays dropped their target price on shares of Royal Dutch Shell from GBX 3,000 ($39.20) to GBX 2,850 ($37.24) and set an equal weight rating on the stock in a report on Thursday, November 7th. Finally, AlphaValue downgraded shares of Royal Dutch Shell to an add rating and reduced their price target for the stock from GBX 2,890 ($37.76) to GBX 2,673 ($34.93) in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 2,722.30 ($35.57).
Shares of LON RDSA opened at GBX 2,181 ($28.50) on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 46.18. The company has a market capitalization of $91.16 billion and a price-to-earnings ratio of 868.58. Royal Dutch Shell has a twelve month low of GBX 3.05 ($0.04) and a twelve month high of GBX 2,637.50 ($34.46). The business has a 50 day simple moving average of GBX 2,276.11 and a 200-day simple moving average of GBX 2,394.32.
The business also recently declared a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.47 per share. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, November 14th. Royal Dutch Shell’s payout ratio is 58.14%.
Royal Dutch Shell Company Profile
Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.
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