Royal Dutch Shell Plc’s (RDSB) “Sell” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity restated their sell rating on shares of Royal Dutch Shell Plc (LON:RDSB) in a report issued on Monday, May 8th. They currently have a GBX 1,900 ($24.53) price objective on the stock.

A number of other research firms have also commented on RDSB. Jefferies Group LLC set a GBX 2,700 ($34.85) price objective on Royal Dutch Shell Plc and gave the company a buy rating in a research note on Tuesday, January 17th. Deutsche Bank AG set a GBX 2,450 ($31.63) price objective on Royal Dutch Shell Plc and gave the company a buy rating in a research note on Friday, January 13th. Macquarie decreased their price objective on Royal Dutch Shell Plc from GBX 2,450 ($31.63) to GBX 2,400 ($30.98) and set an outperform rating on the stock in a research note on Friday, February 3rd. Barclays PLC reaffirmed an overweight rating and set a GBX 2,650 ($34.21) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, January 27th. Finally, Panmure Gordon reaffirmed a buy rating and set a GBX 2,500 ($32.27) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 2,465.28 ($31.82).

Royal Dutch Shell Plc (LON:RDSB) opened at 2165.00 on Monday. Royal Dutch Shell Plc has a 12-month low of GBX 1,646.00 and a 12-month high of GBX 2,403.68. The stock’s 50 day moving average price is GBX 2,153.13 and its 200 day moving average price is GBX 2,207.40. The stock’s market cap is GBX 176.55 billion.

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The firm also recently disclosed a dividend, which will be paid on Monday, June 26th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.47 per share. The ex-dividend date is Thursday, May 18th. This represents a yield of 1.77%.

About Royal Dutch Shell Plc

The Royal Dutch Shell plc explores for crude oil and natural gas around 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, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

12 Month Chart for LON:RDSB

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