Royal Dutch Shell Plc (RDSA) Price Target Increased to GBX 2,960 by Analysts at Barclays PLC
Royal Dutch Shell Plc (LON:RDSA) had its target price raised by Barclays PLC from GBX 2,600 ($32.18) to GBX 2,960 ($36.63) in a research report sent to investors on Monday morning. They currently have an overweight rating on the stock.
A number of other equities analysts also recently issued reports on the company. Credit Suisse Group AG reiterated an outperform rating and set a GBX 2,070 ($25.62) price target on shares of Royal Dutch Shell Plc in a research report on Monday, July 4th. Deutsche Bank AG reiterated a buy rating on shares of Royal Dutch Shell Plc in a research report on Monday, July 25th. Macquarie lowered their price target on Royal Dutch Shell Plc from GBX 2,300 ($28.47) to GBX 2,200 ($27.23) and set an outperform rating on the stock in a research report on Monday, August 1st. Canaccord Genuity restated a hold rating and issued a GBX 1,830 ($22.65) target price on shares of Royal Dutch Shell Plc in a research report on Tuesday, September 6th. Finally, Jefferies Group raised their target price on Royal Dutch Shell Plc from GBX 2,040 ($25.25) to GBX 2,400 ($29.70) and gave the company a buy rating in a research report on Monday, July 11th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Royal Dutch Shell Plc presently has a consensus rating of Buy and a consensus price target of GBX 2,067.24 ($25.58).
Royal Dutch Shell Plc (LON:RDSA) opened at 2114.00 on Monday. Royal Dutch Shell Plc has a one year low of GBX 1,256.00 and a one year high of GBX 2,140.00. The stock has a 50 day moving average price of GBX 1,889.90 and a 200-day moving average price of GBX 1,849.23.
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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