Trading Report: The Royal Dutch Shell Plc’s (RDSB) Buy Rating Reaffirm at Goldman Sachs Group Inc.

The Royal Dutch Shell Plc’s (RDSB) Buy Rating Reaffirm at Goldman Sachs Group Inc.

Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reissued by equities research analysts at Goldman Sachs Group Inc. in a report issued on Wednesday. They presently have a GBX 2,325 ($29.05) price target on the stock, up from their previous price target of GBX 2,225 ($27.80). Goldman Sachs Group Inc.’s price target indicates a potential upside of 10.14% from the company’s current price.

Several other analysts also recently weighed in on RDSB. Barclays PLC boosted their price objective on Royal Dutch Shell Plc from GBX 2,450 ($30.61) to GBX 2,600 ($32.48) and gave the company an “overweight” rating in a research report on Tuesday, July 5th. Societe Generale set a GBX 2,500 ($31.23) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Thursday, July 7th. Jefferies Group set a GBX 2,400 ($29.99) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, July 11th. HSBC set a GBX 2,275 ($28.42) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. boosted their target price on Royal Dutch Shell Plc from GBX 1,630 ($20.36) to GBX 1,952 ($24.39) and gave the company a “neutral” rating in a research note on Thursday, July 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,075.74 ($25.93).

Shares of Royal Dutch Shell Plc (LON:RDSB) traded down 0.3070% during trading on Wednesday, hitting GBX 2110.7026. The company had a trading volume of 4,352,275 shares. The firm’s market capitalization is GBX 170.00 billion. 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 company’s 50 day moving average is GBX 2,135.78 and its 200 day moving average is GBX 1,975.80.

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

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