Royal Dutch Shell Plc (RDSB) Price Target Cut to GBX 2,750 by Analysts at Barclays PLC

Royal Dutch Shell Plc (LON:RDSB) had its price target reduced by Barclays PLC from GBX 2,800 ($34.58) to GBX 2,750 ($33.96) in a research report released on Tuesday. Barclays PLC currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on RDSB. Credit Suisse Group AG set a GBX 2,450 ($30.26) price objective on Royal Dutch Shell Plc and gave the company a buy rating in a research report on Tuesday, March 14th. Macquarie decreased their target price on shares of Royal Dutch Shell Plc from GBX 2,450 ($30.26) to GBX 2,400 ($29.64) and set an outperform rating for the company in a research note on Friday, February 3rd. Royal Bank of Canada upgraded shares of Royal Dutch Shell Plc to an outperform rating and set a GBX 2,500 ($30.88) target price for the company in a research note on Wednesday, January 4th. Deutsche Bank AG set a GBX 2,450 ($30.26) target price on shares of Royal Dutch Shell Plc and gave the company a buy rating in a research note on Friday, January 13th. Finally, Societe Generale set a GBX 2,450 ($30.26) target price on shares of Royal Dutch Shell Plc and gave the company a neutral rating in a research note on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 2,463.82 ($30.43).

Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2166.50 on Tuesday. Royal Dutch Shell Plc has a 1-year low of GBX 1,633.50 and a 1-year high of GBX 2,403.68. The company’s market cap is GBX 176.47 billion. The company’s 50-day moving average price is GBX 2,219.22 and its 200 day moving average price is GBX 2,176.27.

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The firm also recently declared a dividend, which will be paid on Monday, March 27th. Shareholders of record on Thursday, February 16th will be paid a GBX 0.47 ($0.01) dividend. The ex-dividend date is Thursday, February 16th. This represents a yield of 1.66%.

About Royal Dutch Shell Plc

Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across 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 and Downstream and Corporate.

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