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Analyst Actions: BMO Capital Raises Royal Dutch Shell PT to GBP28 vs GBP27, Reiterates Outperform Rating


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BMO Capital Markets said it has raised the price target on Royal Dutch Shell's ( RDS.A ) UK-listed shares to GBP28 ($37.63) from GBP27 while reiterating an outperform rating.

The broker said the stock remains a top pick in "global majors/ Integrateds."

"We are confident in Shell's delivery of its capital returns (cash dividend and buy-back) and long-term commitment to reduce its net carbon footprint by [approximately] 20% in 2035 and [approximately] 50% in 2050, subject to society and long-term macro conditions."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , ETFs
Referenced Symbols: RDS.A , RDS.B , RDS/B



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