AMSTERDAM: The Royal Bank of Canada upgraded shares of Royal Dutch Shell PLC from a sector perform rating to an outperform rating in a report.
A number of other equities analysts also recently weighed in on RDS.A. Deutsche Bank AG reissued a buy rating on shares of Royal Dutch Shell PLC in a research note on Tuesday, November 15th. Zacks Investment Research raised shares of Royal Dutch Shell PLC from a hold rating to a buy rating and set a $60.00 target price for the company in a research note on Wednesday, December 14th. Citigroup Inc. reissued a neutral rating on shares of Royal Dutch Shell PLC in a research note on Thursday, October 13th. BNP Paribas reissued a neutral rating on shares of Royal Dutch Shell PLC in a research note on Tuesday, October 11th. Finally, J P Morgan Chase & Co raised shares of Royal Dutch Shell PLC from a neutral rating to an overweight rating in a research note on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Royal Dutch Shell PLC has a consensus rating of Buy and an average target price of $59.42.
Royal Dutch Shell PLC (NYSE:RDS.A) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.26. The business earned $61.86 billion during the quarter, compared to the consensus estimate of $61.10 billion. Royal Dutch Shell PLC had a net margin of 1.75% and a return on equity of 3.48%. During the same quarter in the prior year, the firm earned $0.28 EPS.
The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, November 11th were issued a dividend of $0.799 per share. This represents a $3.20 annualized dividend and a yield of Infinity. The ex-dividend date was Tuesday, November 8th. Royal Dutch Shell PLC’s dividend payout ratio (DPR) is presently 299.07%.
