Royal Dutch Shell (RDSB) Price Target Cut to GBX 2,600 by Analysts at Berenberg Bank
Royal Dutch Shell (LON:RDSB) had its price objective cut by Berenberg Bank from GBX 2,950 ($38.55) to GBX 2,600 ($33.97) in a research report report published on Wednesday morning. They currently have a hold rating on the stock.
Other equities research analysts also recently issued reports about the company. UBS Group set a GBX 2,950 ($38.55) target price on Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday, October 3rd. HSBC lowered their price target on Royal Dutch Shell from GBX 2,920 ($38.15) to GBX 2,890 ($37.76) and set a hold rating on the stock in a report on Wednesday, October 17th. JPMorgan Chase & Co. set a GBX 3,250 ($42.47) price target on Royal Dutch Shell and gave the company a buy rating in a report on Thursday, November 1st. Deutsche Bank downgraded Royal Dutch Shell to a hold rating and lowered their price target for the company from GBX 2,800 ($36.59) to GBX 2,650 ($34.63) in a report on Monday, December 10th. Finally, Credit Suisse Group set a GBX 3,030 ($39.59) price target on Royal Dutch Shell and gave the company a buy rating in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Royal Dutch Shell presently has an average rating of Buy and a consensus target price of GBX 2,943.57 ($38.46).
Royal Dutch Shell stock traded up GBX 23.50 ($0.31) during mid-day trading on Wednesday, hitting GBX 2,418.50 ($31.60). The company had a trading volume of 3,461,070 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a 12 month low of GBX 2,037 ($26.62) and a 12 month high of GBX 2,617 ($34.20).
Royal Dutch Shell Company Profile
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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