Barclays PLC Reiterates “Overweight” Rating for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a research report issued on Monday. They currently have a GBX 2,750 ($36.48) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 17.27% from the stock’s previous close.
RDSB has been the subject of a number of other reports. J P Morgan Chase & Co set a GBX 2,400 ($31.83) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.43) price objective on Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Monday, September 11th. UBS AG set a GBX 2,550 ($33.82) price objective on Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Monday, July 10th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 2,500 ($33.16) target price on shares of Royal Dutch Shell Plc in a research report on Monday, June 26th. Finally, Deutsche Bank AG cut their target price on Royal Dutch Shell Plc from GBX 2,500 ($33.16) to GBX 2,400 ($31.83) and set a “buy” rating on the stock in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,412.89 ($32.01).
Royal Dutch Shell Plc (RDSB) opened at 2345.00 on Monday. Royal Dutch Shell Plc has a 52 week low of GBX 2,006.00 and a 52 week high of GBX 2,403.68. The stock has a 50 day moving average price of GBX 2,194.53 and a 200 day moving average price of GBX 2,157.19. The stock’s market capitalization is GBX 192.59 billion.
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About Royal Dutch Shell Plc
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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