Royal Dutch Shell Plc PT Raised to GBX 2,350 at Nomura (RDSB)
Investment analysts at Nomura hoisted their target price on shares of Royal Dutch Shell Plc (LON:RDSB) from GBX 2,300 ($37.90) to GBX 2,350 ($38.73) in a note issued to investors on Wednesday, AR Network reports. The firm currently has a “neutral” rating on the stock. Nomura’s price target indicates a potential upside of 2.33% from the stock’s previous close.
Shares of Royal Dutch Shell Plc (LON:RDSB) traded up 0.39% on Wednesday, hitting GBX 2296.50. The stock had a trading volume of 4,305,454 shares. Royal Dutch Shell Plc has a 1-year low of GBX 2069.50 and a 1-year high of GBX 2374.50. The stock has a 50-day moving average of GBX 2214.35 and a 200-day moving average of GBX 2194.12. The company’s market cap is £144.3 billion.
A number of other firms have also recently commented on RDSB. Analysts at Barclays reiterated an “overweight” rating on shares of Royal Dutch Shell Plc in a research note to investors on Monday. They now have a GBX 2,660 ($43.84) price target on the stock. Separately, analysts at BNP Paribas upgraded shares of Royal Dutch Shell Plc to an “outperform” rating in a research note to investors on Friday, January 10th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell Plc in a research note to investors on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,106.93 ($34.72).
Royal Dutch Shell plc (LON:RDSB), incorporated on February 5, 2002, is an independent oil and gas company.
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