UBS Group Reaffirms Buy Rating for Royal Dutch Shell (RDSB)
Royal Dutch Shell (LON:RDSB)‘s stock had its “buy” rating reissued by analysts at UBS Group in a note issued to investors on Monday, investing.thisismoney.co.uk reports.
Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a report on Monday, September 3rd. Goldman Sachs Group increased their target price on Royal Dutch Shell from GBX 2,980 ($38.94) to GBX 3,130 ($40.90) and gave the stock a “buy” rating in a research report on Friday, September 14th. Royal Bank of Canada increased their target price on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,900 ($37.89) and gave the stock an “outperform” rating in a research report on Monday, August 20th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,175 ($41.49) target price on shares of Royal Dutch Shell in a research report on Wednesday, October 17th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 3,300 ($43.12) target price on shares of Royal Dutch Shell in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,984.69 ($39.00).
RDSB stock opened at GBX 2,429 ($31.74) on Monday. Royal Dutch Shell has a 52-week low of GBX 2,037 ($26.62) and a 52-week high of GBX 2,617 ($34.20).
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.
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