Royal Dutch Shell Plc (RDSA) Earns Overweight Rating from Barclays PLC
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating reiterated by analysts at Barclays PLC in a research report issued to clients and investors on Monday. They presently have a GBX 2,600 ($32.18) target price on the stock. Barclays PLC’s price target would indicate a potential upside of 25.39% from the stock’s previous close.
Several other equities research analysts have also commented on RDSA. HSBC reissued a “buy” rating and set a GBX 2,000 ($24.75) price target on shares of Royal Dutch Shell Plc in a research note on Monday, June 20th. Liberum Capital boosted their price target on Royal Dutch Shell Plc from GBX 1,910 ($23.64) to GBX 2,071 ($25.63) and gave the stock a “buy” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,070 ($25.62) price target on shares of Royal Dutch Shell Plc in a research note on Monday, July 4th. Jefferies Group boosted their price target on Royal Dutch Shell Plc from GBX 2,040 ($25.25) to GBX 2,400 ($29.70) and gave the stock a “buy” rating in a research note on Monday, July 11th. Finally, Morgan Stanley boosted their price target on Royal Dutch Shell Plc from GBX 2,280 ($28.22) to GBX 2,400 ($29.70) and gave the stock an “overweight” rating in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,053.12 ($25.41).
Royal Dutch Shell Plc (LON:RDSA) opened at 2069.00 on Monday. The company has a 50-day moving average price of GBX 1,911.03 and a 200 day moving average price of GBX 1,856.94. Royal Dutch Shell Plc has a 12 month low of GBX 1,256.00 and a 12 month high of GBX 2,140.00.
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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