Royal Dutch Shell (RDSB) Earns Buy Rating from Societe Generale
Societe Generale reaffirmed their buy rating on shares of Royal Dutch Shell (LON:RDSB) in a research note issued to investors on Wednesday morning. The brokerage currently has a GBX 2,660 ($35.62) price objective on the stock.
Several other research analysts also recently commented on RDSB. Barclays reissued an overweight rating and issued a GBX 2,750 ($36.83) price objective on shares of Royal Dutch Shell in a research note on Monday, August 7th. J P Morgan Chase & Co set a GBX 2,400 ($32.14) price objective on Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday, August 9th. UBS set a GBX 2,550 ($34.15) price objective on Royal Dutch Shell and gave the company a buy rating in a research note on Tuesday, August 15th. Jefferies Group set a GBX 2,470 ($33.08) price objective on Royal Dutch Shell and gave the company a buy rating in a research note on Tuesday, August 29th. Finally, Deutsche Bank set a GBX 2,450 ($32.81) price objective on Royal Dutch Shell and gave the company a buy rating in a research note on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 2,567.11 ($34.38).
Royal Dutch Shell (LON:RDSB) opened at £2,394 ($3,206.11) on Wednesday. Royal Dutch Shell has a 52 week low of GBX 2,037 ($27.28) and a 52 week high of GBX 2,580.53 ($34.56).
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Royal Dutch Shell 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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