Macquarie Lowers Royal Dutch Shell Plc (RDSB) to Neutral

Macquarie lowered shares of Royal Dutch Shell Plc (LON:RDSB) to a neutral rating in a research note published on Wednesday. Macquarie currently has GBX 2,150 ($27.35) price target on the stock, down from their previous price target of GBX 2,400 ($30.53).

A number of other analysts also recently commented on RDSB. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 2,400 ($30.53) price objective (down previously from GBX 2,460 ($31.29)) on shares of Royal Dutch Shell Plc in a research note on Tuesday, February 21st. Barclays PLC restated an overweight rating and issued a GBX 2,800 ($35.61) target price on shares of Royal Dutch Shell Plc in a report on Tuesday, February 21st. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 2,600 ($33.07) target price on shares of Royal Dutch Shell Plc in a report on Monday, February 27th. Royal Bank Of Canada lifted their target price on Royal Dutch Shell Plc from GBX 2,500 ($31.80) to GBX 2,600 ($33.07) and gave the stock an outperform rating in a report on Monday, March 13th. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 2,500 ($31.80) target price on shares of Royal Dutch Shell Plc in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 2,434.72 ($30.97).

Royal Dutch Shell Plc (LON RDSB) opened at 2103.00 on Wednesday. The firm has a 50-day moving average price of GBX 2,150.08 and a 200-day moving average price of GBX 2,215.50. Royal Dutch Shell Plc has a one year low of GBX 1,775.50 and a one year high of GBX 2,403.68. The stock’s market cap is GBX 171.50 billion.

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The firm also recently declared a dividend, which was paid on Monday, June 26th. Stockholders of record on Thursday, May 18th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a dividend yield of 1.77%.

Royal Dutch Shell Plc Company Profile

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.

Analyst Recommendations for Royal Dutch Shell Plc (LON:RDSB)

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