Royal Dutch Shell Plc Receives “Underperform” Rating from Bank of America Corp. (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “underperform” rating reaffirmed by investment analysts at Bank of America Corp. in a note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a GBX 2,100 ($33.52) price target on the stock. Bank of America Corp.’s price target points to a potential downside of 1.91% from the company’s current price.
Royal Dutch Shell Plc (LON:RDSB) traded down 1.04% on Thursday, hitting GBX 2141.00. 3,333,474 shares of the company’s stock traded hands. Royal Dutch Shell Plc has a 52-week low of GBX 2069.50 and a 52-week 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 £134.8 billion.
A number of other firms have also recently commented on RDSB. Analysts at AlphaValue reiterated a “reduce” rating on shares of Royal Dutch Shell Plc in a research note to investors on Thursday, October 10th. They now have a GBX 2,030 ($32.41) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Royal Dutch Shell Plc in a research note to investors on Tuesday, October 8th. They now have a GBX 2,410 ($38.47) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 2,097.88 ($33.49).
Royal Dutch Shell plc (LON:RDSB), incorporated on February 5, 2002, is an independent oil and gas company.
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