Royal Dutch Shell Plc (RDSA) Stock Rating Reaffirmed by Credit Suisse Group
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a research report issued on Friday. They presently have a GBX 2,500 ($32.29) price objective on the stock. Credit Suisse Group’s target price would indicate a potential upside of 15.87% from the company’s previous close.
Several other analysts have also issued reports on the stock. Deutsche Bank AG upped their target price on shares of Royal Dutch Shell Plc from GBX 2,400 ($31.00) to GBX 2,450 ($31.64) and gave the stock a “buy” rating in a research note on Monday. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,750 ($35.52) target price on shares of Royal Dutch Shell Plc in a research note on Monday, August 21st. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,600 ($33.58) target price on shares of Royal Dutch Shell Plc in a research note on Friday, July 28th. Macquarie reiterated a “neutral” rating and issued a GBX 2,150 ($27.77) target price on shares of Royal Dutch Shell Plc in a research note on Monday, July 24th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 2,450 ($31.64) target price on shares of Royal Dutch Shell Plc in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,410.71 ($31.13).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2157.50 on Friday. The firm has a 50-day moving average of GBX 2,130.85 and a 200-day moving average of GBX 2,100.86. Royal Dutch Shell Plc has a 52 week low of GBX 1,791.00 and a 52 week high of GBX 2,295.50.
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