Royal Dutch Shell Plc Rating Increased to Outperform at Raymond James (RDSB)
Royal Dutch Shell Plc (LON:RDSB) was upgraded by equities research analysts at Raymond James to an “outperform” rating in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a GBX 2,327.66 ($38.18) price objective on the stock. Raymond James’ price target would suggest a potential upside of 3.24% from the company’s current price.
RDSB has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note to investors on Wednesday, December 11th. They now have a GBX 2,400 ($39.36) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Royal Dutch Shell Plc to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a GBX 2,300 ($37.72) price target on the stock. Finally, analysts at Barclays raised their price target on shares of Royal Dutch Shell Plc from GBX 2,410 ($39.53) to GBX 2,650 ($43.46) in a research note to investors on Monday, December 9th. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 2,115.65 ($34.70).
Shares of Royal Dutch Shell Plc (LON:RDSB) traded down 0.70% on Monday, hitting GBX 2254.6602. 3,097,975 shares of the company’s stock traded hands. Royal Dutch Shell Plc has a one year low of GBX 2069.50 and a one year high of GBX 2374.50. The stock’s 50-day moving average is GBX 2198. and its 200-day moving average is GBX 2187.. The company’s market cap is £141.6 billion.
Royal Dutch Shell plc (LON:RDSB), incorporated on February 5, 2002, is an independent oil and gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.