Royal Bank Of Canada Reiterates GBX 2,500 Price Target for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB) received a GBX 2,500 ($33.62) target price from research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 10.16% from the company’s current price.
Several other research firms also recently weighed in on RDSB. J P Morgan Chase & Co set a GBX 2,400 ($32.28) target price on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.89) target price on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Monday, September 11th. UBS AG set a GBX 2,550 ($34.29) target price on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Monday, July 10th. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,500 ($33.62) price target on shares of Royal Dutch Shell Plc in a research note on Monday, June 26th. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 2,750 ($36.98) price target on shares of Royal Dutch Shell Plc in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. Royal Dutch Shell Plc currently has a consensus rating of “Buy” and an average target price of GBX 2,412.89 ($32.45).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2271.00 on Thursday. The stock’s market cap is GBX 186.51 billion. Royal Dutch Shell Plc has a one year low of GBX 1,878.50 and a one year high of GBX 2,403.68. The company has a 50 day moving average price of GBX 2,176.04 and a 200-day moving average price of GBX 2,153.87.
Royal Dutch Shell Plc Company Profile
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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