Barclays Reiterates “Overweight” Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a report released on Thursday. They currently have a GBX 2,950 ($50.25) price objective on the stock. Barclays’ price objective would indicate a potential upside of 21.40% from the company’s current price.
Royal Dutch Shell Plc (LON:RDSA) traded down 0.99% on Thursday, hitting GBX 2406.00. 1,690,582 shares of the company’s stock traded hands. Royal Dutch Shell Plc has a 52-week low of GBX 1975.00 and a 52-week high of GBX 2864.00. The stock has a 50-day moving average of GBX 2181. and a 200-day moving average of GBX 2116.. The company’s market cap is £152.1 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell Plc in a research note on Wednesday, June 25th. They now have a GBX 2,350 ($40.03) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research note on Wednesday, June 18th. They now have a GBX 2,550 ($43.43) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, June 12th. They now have a GBX 2,550 ($43.43) price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,323.75 ($39.58).
Royal Dutch Shell plc (LON:RDSA) is an independent oil and gas company, based in the United Kingdom.
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