Royal Dutch Shell Plc Stock Rating Reaffirmed by Investec (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating restated by equities researchers at Investec in a research report issued on Friday, American Banking & Market News reports. They currently have a GBX 2,550 ($41.24) price objective on the stock. Investec’s price target points to a potential upside of 19.75% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Royal Dutch Shell Plc in a research note to investors on Wednesday. They now have a GBX 2,410 ($38.97) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note to investors on Tuesday. They now have a GBX 2,400 ($38.81) price target on the stock. Finally, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Royal Dutch Shell Plc in a research note to investors on Thursday, October 17th. They now have a GBX 2,100 ($33.96) price target on the stock. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Royal Dutch Shell Plc presently has a consensus rating of “Hold” and an average price target of GBX 2,368.42 ($38.30).
Shares of Royal Dutch Shell Plc (LON:RDSA) traded up 0.61% on Friday, hitting GBX 2129.50. The stock had a trading volume of 2,838,412 shares. Royal Dutch Shell Plc has a one year low of GBX 1975.00 and a one year high of GBX 2323.50. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £134.1 billion.
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