Royal Dutch Shell Plc’s Reduce Rating Reaffirmed at AlphaValue (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “reduce” rating reiterated by stock analysts at AlphaValue in a report issued on Thursday, American Banking & Market News reports. They currently have a GBX 2,030 ($32.57) target price on the stock. AlphaValue’s price objective indicates a potential downside of 2.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on RDSB. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Royal Dutch Shell Plc in a research note to investors on Tuesday. They now have a GBX 2,410 ($38.67) price target on the stock. Separately, analysts at ING Group reiterated a “buy” rating on shares of Royal Dutch Shell Plc in a research note to investors on Wednesday, September 25th. They now have a GBX 2,325.62 ($37.31) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Royal Dutch Shell Plc in a research note to investors on Wednesday, September 18th. They now have a GBX 2,200 ($35.30) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Royal Dutch Shell Plc presently has an average rating of “Hold” and a consensus target price of GBX 2,097.88 ($33.66).
Royal Dutch Shell Plc (LON:RDSB) traded up 1.32% during mid-day trading on Thursday, hitting GBX 2105.00. The stock had a trading volume of 3,302,680 shares. Royal Dutch Shell Plc has a one year low of GBX 2087.00 and a one year high of GBX 2374.50. The stock’s 50-day moving average is GBX 2161. and its 200-day moving average is GBX 2218.. The company’s market cap is £132.5 billion.
Royal Dutch Shell plc (LON:RDSB), incorporated on February 5, 2002, is an independent oil and gas company.
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