Today, Societe Generale Reaffirmed “Buy” Rating for Royal Dutch Shell Plc (RDSB)

Today, Societe Generale Reaffirmed “Buy” Rating for Royal Dutch Shell Plc (RDSB)

Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reaffirmed by research analysts at Societe Generale in a research note issued to investors on Wednesday. They currently have a GBX 2,500 ($31.01) price target on the stock. Societe Generale’s target price would suggest a potential upside of 20.74% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Goldman Sachs Group Inc. set a GBX 2,225 ($27.60) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Wednesday, October 5th. Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($32.25) target price on shares of Royal Dutch Shell Plc in a research report on Monday, July 18th. Liberum Capital reissued a “buy” rating and set a GBX 2,071 ($25.69) target price on shares of Royal Dutch Shell Plc in a research report on Thursday, July 28th. Royal Bank Of Canada cut shares of Royal Dutch Shell Plc to a “sector performer” rating and reduced their target price for the stock from GBX 2,250 ($27.91) to GBX 2,100 ($26.05) in a research report on Monday, August 1st. Finally, HSBC set a GBX 2,275 ($28.22) target price on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,075.74 ($25.75).

Royal Dutch Shell Plc (LON:RDSB) traded down 1.85% during midday trading on Wednesday, reaching GBX 2072.00. The company had a trading volume of 6,483,250 shares. The stock’s market capitalization is GBX 166.89 billion. Royal Dutch Shell Plc has a one year low of GBX 1,261.03 and a one year high of GBX 2,251.50. The company has a 50-day moving average price of GBX 2,133.51 and a 200-day moving average price of GBX 1,981.58.

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

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