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Dec. 3, 2020, 4:23 a.m. EST

Royal Dutch Shell upped to outperform at Bernstein on cashflow view

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By Steve Goldstein

Royal Dutch Shell /zigman2/quotes/206428183/delayed UK:RDSA -0.21% /zigman2/quotes/205095589/composite RDS.A -0.18% was upgraded to outperform from market perform at Bernstein Research on attractive cashflow momentum. "With our fear of a dividend cut behind us and the surprise 3Q dividend boost still resonating we've re-examined the Shell cashflow story and think it's now too good to ignore. We now remove our 0.75x multiple discount which boosts our price target to £21/$54, offering 60% upside," said analysts led by Oswald Clint.

/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 1,768.20
-3.80 -0.21%
Volume: 3.98M
Oct. 18, 2021 4:35p
P/E Ratio
35.74
Dividend Yield
0.04%
Market Cap
£137.72 billion
Rev. per Employee
£1.52M
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/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 48.62
-0.09 -0.18%
Volume: 3.22M
Oct. 18, 2021 1:58p
P/E Ratio
34.40
Dividend Yield
2.61%
Market Cap
$189.63 billion
Rev. per Employee
$1.95M
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