Royal Dutch Shell’s (RDSA) Buy Rating Reaffirmed at Jefferies Group

Jefferies Group restated their buy rating on shares of Royal Dutch Shell (LON:RDSA) in a report issued on Monday, December 18th. They currently have a GBX 2,720 ($36.89) price objective on the stock, up from their previous price objective of GBX 2,650 ($35.94).

Several other brokerages have also recently issued reports on RDSA. reiterated a buy rating and set a GBX 2,500 ($33.90) price target on shares of Royal Dutch Shell in a report on Monday, October 16th. Credit Suisse Group restated an outperform rating and issued a GBX 2,635 ($35.73) target price on shares of Royal Dutch Shell in a research note on Wednesday, November 29th. Citigroup restated a sell rating and issued a GBX 2,050 ($27.80) target price on shares of Royal Dutch Shell in a research note on Wednesday, November 29th. Barclays restated an overweight rating and issued a GBX 2,750 ($37.29) target price on shares of Royal Dutch Shell in a research note on Monday, August 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Royal Dutch Shell from GBX 2,400 ($32.55) to GBX 2,650 ($35.94) and gave the stock an overweight rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 2,610 ($35.39).

Shares of Royal Dutch Shell (LON RDSA) traded up GBX 3 ($0.04) during midday trading on Monday, hitting GBX 2,573.50 ($34.90). 5,014,025 shares of the stock traded hands, compared to its average volume of 4,570,000. The stock has a market cap of $203,500.00 and a PE ratio of 1,286.75. Royal Dutch Shell has a 52-week low of GBX 1,982.50 ($26.89) and a 52-week high of GBX 2,579.50 ($34.98).

The company also recently declared a dividend, which was paid on Wednesday, December 20th. Investors of record on Thursday, November 16th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, November 16th. This represents a yield of 1.5%.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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