Royal Dutch Shell’s (RDSB) Outperform Rating Reaffirmed at BNP Paribas

BNP Paribas restated their outperform rating on shares of Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Thursday morning. The brokerage currently has a GBX 3,450 ($44.94) target price on the stock.

A number of other research analysts have also recently commented on RDSB. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 3,000 ($39.08) target price on shares of Royal Dutch Shell in a report on Tuesday, June 26th. Societe Generale increased their target price on shares of Royal Dutch Shell from GBX 2,750 ($35.82) to GBX 2,900 ($37.78) and gave the stock a hold rating in a report on Thursday, June 28th. Barclays reissued an overweight rating and issued a GBX 3,250 ($42.33) target price on shares of Royal Dutch Shell in a report on Friday, June 29th. HSBC raised their price objective on shares of Royal Dutch Shell from GBX 2,820 ($36.73) to GBX 2,890 ($37.64) and gave the company a hold rating in a report on Friday, July 13th. Finally, Royal Bank of Canada raised their price objective on shares of Royal Dutch Shell from GBX 2,800 ($36.47) to GBX 2,900 ($37.78) and gave the company an outperform rating in a report on Monday, August 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Royal Dutch Shell currently has a consensus rating of Buy and an average target price of GBX 2,833.16 ($36.90).

RDSB stock opened at GBX 2,635 ($34.32) on Thursday. Royal Dutch Shell has a 12 month low of GBX 2,037 ($26.53) and a 12 month high of GBX 2,617 ($34.09).

The firm also recently disclosed a dividend, which was paid on Monday, September 17th. Investors of record on Thursday, August 9th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a yield of 1.35%.

Royal Dutch Shell Company Profile

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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