Economy

Royal Dutch Shell plc (RDSA) Receives "Overweight" Rating from Barclays PLC

Royal Dutch Shell plc (RDSA) Receives

As of 09:23 GMT, Shell's share price had rallied 3.09 percent to 2,387.00p, propping up the benchmark FTSE 100 index which now stands 0.36 percent higher at 7,410.64 points. Barclays PLC's target price would indicate a potential upside of 23.08% from the stock's current price. Deutsche Bank AG upped their target price on Royal Dutch Shell from GBX 2,450 ($32.66) to GBX 2,675 ($35.66) and gave the company a "buy" rating in a research report on Monday, November 6th. Jefferies Group LLC restated a "buy" rating and set a GBX 2,600 ($34.66) price objective on shares of Royal Dutch Shell in a report on Thursday, July 13th. restated a "buy" rating and set a GBX 2,500 ($33.33) price objective on shares of Royal Dutch Shell in a report on Monday, October 16th.

Shares in Royal Dutch Shell (LON:RDSA) have jumped more than three percent in London this morning, as the Anglo-Dutch group announced plans to cancel its scrip dividend which allows the company to make a proportion of its payments to investors in the form of new shares rather than cash.

In addition to Barclays Capital reporting its target price, a total of 25 analysts have released a report on Royal Dutch Shell.

More news: 'Lady Bird' Becomes Best-Reviewed Movie In Rotten Tomatoes' History

Royal Dutch Shell (LON:RDSA) traded down GBX 22 ($0.29) during mid-day trading on Friday, hitting GBX 2,315.50 ($30.87). Royal Dutch Shell has a 12-month low of GBX 2,012 ($26.82) and a 12-month high of GBX 2,580.53 ($34.40).

The business also recently disclosed a dividend, which will be paid on Wednesday, December 20th. The ex-dividend date of this dividend is Thursday, November 16th. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of global copyright & trademark laws. If you are accessing this article on another website, it was copied illegally and reposted in violation of worldwide copyright legislation. In January 2014, Royal Dutch Shell plc completed the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America. Other companies participating include ChargePoint. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.


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