Trading Report: The Royal Dutch Shell Plc (RDSB) PT Set at GBX 2,325 by Credit Suisse Group AG

The Royal Dutch Shell Plc (RDSB) PT Set at GBX 2,325 by Credit Suisse Group AG

Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,325 ($29.05) price objective by Credit Suisse Group AG in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 12.29% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on RDSB. JPMorgan Chase & Co. raised shares of Royal Dutch Shell Plc to an “overweight” rating and upped their price target for the stock from GBX 1,952 ($24.39) to GBX 2,500 ($31.23) in a research note on Wednesday, November 2nd. Goldman Sachs Group Inc. set a GBX 2,250 ($28.11) price objective on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Friday, July 29th. Deutsche Bank AG set a GBX 2,220 ($27.74) price objective on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, October 18th. HSBC reissued a “buy” rating and issued a GBX 2,460 ($30.73) price objective on shares of Royal Dutch Shell Plc in a research note on Tuesday, November 15th. Finally, S&P Global Inc. set a GBX 1,950 ($24.36) price objective on shares of Royal Dutch Shell Plc and gave the company a “neutral” rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Royal Dutch Shell Plc currently has an average rating of “Buy” and a consensus price target of GBX 2,075.74 ($25.93).

Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2094.00 on Thursday. Royal Dutch Shell Plc has a 1-year low of GBX 1,261.03 and a 1-year high of GBX 2,251.50. The stock’s market capitalization is GBX 168.66 billion. The stock has a 50 day moving average of GBX 2,135.78 and a 200-day moving average of GBX 1,975.80.

The business also recently declared a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 10th will be given a dividend of GBX 0.47 ($0.01) per share. This represents a dividend yield of 1.75%. The ex-dividend date is Thursday, November 10th.

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