Royal Dutch Shell Plc (RDSA) Receives Consensus Recommendation of “Buy” from Brokerages

Royal Dutch Shell Plc (LON:RDSA) has been given an average recommendation of “Buy” by the fifteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,391.67 ($31.05).

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RDSA has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 2,600 ($33.75) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday, April 25th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,750 ($35.70) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Credit Suisse Group increased their price target on Royal Dutch Shell Plc from GBX 2,450 ($31.81) to GBX 2,500 ($32.45) and gave the stock an “outperform” rating in a research report on Friday, May 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,500 ($32.45) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,600 ($33.75) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th.

Shares of Royal Dutch Shell Plc (LON RDSA) traded down 0.49% during mid-day trading on Friday, hitting GBX 2114.50. The company had a trading volume of 6,090,086 shares. The company has a 50-day moving average price of GBX 2,102.27 and a 200-day moving average price of GBX 2,103.32. Royal Dutch Shell Plc has a 1-year low of GBX 1,791.00 and a 1-year high of GBX 2,295.50.

The firm also recently announced a dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.47 per share. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, August 10th.

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