Barclays PLC Reiterates “Overweight” Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a research note issued on Tuesday. They currently have a GBX 2,600 ($33.94) price target on the stock. Barclays PLC’s price objective points to a potential upside of 33.16% from the company’s previous close.
RDSA has been the topic of a number of other reports. Citigroup Inc. reissued a “neutral” rating on shares of Royal Dutch Shell Plc in a report on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,630 ($21.28) target price on shares of Royal Dutch Shell Plc in a report on Wednesday, June 8th. Jefferies Group lifted their target price on Royal Dutch Shell Plc from GBX 2,040 ($26.63) to GBX 2,400 ($31.33) and gave the stock a “buy” rating in a report on Monday, July 11th. HSBC reaffirmed a “buy” rating and set a GBX 2,180 ($28.46) target price on shares of Royal Dutch Shell Plc in a report on Wednesday, September 7th. Finally, Societe Generale reaffirmed a “buy” rating and set a GBX 1,900 ($24.80) target price on shares of Royal Dutch Shell Plc in a report on Monday, June 6th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Royal Dutch Shell Plc presently has an average rating of “Buy” and an average price target of GBX 2,033.71 ($26.55).
Royal Dutch Shell Plc (LON:RDSA) opened at 1952.50 on Tuesday. Royal Dutch Shell Plc has a 1-year low of GBX 1,256.00 and a 1-year high of GBX 2,127.40. The stock’s 50 day moving average is GBX 1,873.49 and its 200-day moving average is GBX 1,837.14.
About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. 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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