Goldman Sachs Group Inc. Analysts Give Royal Dutch Shell Plc (RDSB) a GBX 2,225 Price Target
Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,225 ($29.04) target price by Goldman Sachs Group Inc. in a note issued to investors on Wednesday. The firm currently has a a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 6.08% from the company’s previous close.
Several other research firms have also weighed in on RDSB. HSBC set a GBX 2,275 ($29.70) price objective on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Wednesday, July 13th. Jefferies Group set a GBX 2,400 ($31.33) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Monday, July 11th. JPMorgan Chase & Co. upped their price target on shares of Royal Dutch Shell Plc from GBX 1,630 ($21.28) to GBX 1,952 ($25.48) and gave the company a “neutral” rating in a research note on Thursday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($33.94) price target on shares of Royal Dutch Shell Plc in a research note on Monday, July 18th. Finally, Deutsche Bank AG set a GBX 2,135 ($27.87) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,010.92 ($26.25).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2108.00 on Wednesday. The firm’s market cap is GBX 168.64 billion. The stock’s 50 day moving average is GBX 1,959.54 and its 200 day moving average is GBX 1,876.13. Royal Dutch Shell Plc has a 12-month low of GBX 1,261.03 and a 12-month high of GBX 2,163.35.
About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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