RDS-A (OTCMKTS:RDS-A) Given Average Recommendation of “Buy” by Brokerages
Shares of RDS-A (OTCMKTS:RDS-A) have received an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $75.33.
A number of equities research analysts have recently weighed in on RDS-A shares. Morgan Stanley upgraded RDS-A from an “underweight” rating to an “equal weight” rating and set a $63.00 target price for the company in a research report on Thursday, May 9th. Cowen restated an “outperform” rating and set a $75.00 target price (down previously from $80.00) on shares of RDS-A in a research report on Monday, June 3rd. Societe Generale upgraded RDS-A from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. BNP Paribas restated a “neutral” rating on shares of RDS-A in a research report on Wednesday, July 3rd. Finally, Deutsche Bank upgraded RDS-A from a “hold” rating to a “buy” rating in a research report on Monday, May 13th.
Shares of RDS-A stock traded up $0.50 on Monday, reaching $56.06. 2,613,579 shares of the stock were exchanged. The firm’s 50 day moving average price is $61.44 and its 200 day moving average price is $62.95.
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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