Royal Dutch Shell Rating Increased to Buy at Goldman Sachs Group Inc. (RDS.A)
Royal Dutch Shell (NASDAQ:RDS.A) was upgraded by analysts at Goldman Sachs Group Inc. from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Royal Dutch Shell (NASDAQ:RDS.A) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.46 earnings per share for the quarter. The company had revenue of $112.67 billion for the quarter, compared to the consensus estimate of $117.07 billion.
RDS.A has been the subject of a number of other recent research reports. Analysts at Barclays Capital upgraded shares of Royal Dutch Shell (NASDAQ:RDS.A) from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 14th. Separately, analysts at Oppenheimer downgraded shares of Royal Dutch Shell (NASDAQ:RDS.A) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, August 12th. They now have a $80.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Royal Dutch Shell (NASDAQ:RDS.A) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Royal Dutch Shell currently has an average rating of “Hold” and a consensus price target of $80.00.
Royal Dutch Shell plc (NASDAQ:RDS) is an independent oil and gas company.
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