Royal Dutch Shell PLC (NYSE:RDS.A) Given a $54.00 Price Target at Scotiabank

Scotiabank set a $54.00 target price on Royal Dutch Shell PLC (NYSE:RDS.A) in a research note released on Tuesday. The firm currently has a hold rating on the energy company’s stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Group LLC set a $65.00 target price on Royal Dutch Shell PLC and gave the stock a buy rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Royal Dutch Shell PLC from a sell rating to a hold rating in a report on Monday, August 7th. Societe Generale upgraded Royal Dutch Shell PLC from a hold rating to a buy rating in a report on Friday, May 5th. TheStreet upgraded Royal Dutch Shell PLC from a c rating to a b- rating in a report on Thursday, May 4th. Finally, BNP Paribas upgraded Royal Dutch Shell PLC from a neutral rating to an outperform rating and raised their target price for the stock from $47.00 to $57.00 in a report on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $57.13.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 11th will be given a dividend of $0.799 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Wednesday, August 9th. Royal Dutch Shell PLC’s dividend payout ratio is currently 163.27%.

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 (NYSE:RDS.A)

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