Royal Dutch Shell Plc PT Raised to GBX 2,290 at Liberum Capital (RDSB)
Investment analysts at Liberum Capital raised their price target on shares of Royal Dutch Shell Plc (LON:RDSB) from GBX 2,250 ($38.59) to GBX 2,290 ($39.28) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price objective would indicate a potential downside of 9.32% from the company’s current price.
A number of other analysts have also recently weighed in on RDSB. Analysts at Deutsche Bank upgraded shares of Royal Dutch Shell Plc to a “buy” rating in a research note on Wednesday. They now have a GBX 2,850 ($48.89) price target on the stock, up previously from GBX 2,400 ($41.17). Separately, analysts at Barclays reiterated an “overweight” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, July 3rd. They now have a GBX 2,950 ($50.60) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Royal Dutch Shell Plc in a research note on Wednesday, July 2nd. They now have a GBX 2,300 ($39.45) price target on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,465.74 ($42.29).
Shares of Royal Dutch Shell Plc (LON:RDSB) traded down 0.12% on Wednesday, hitting GBX 2525.50. The stock had a trading volume of 3,814,244 shares. Royal Dutch Shell Plc has a 52-week low of GBX 2069.50 and a 52-week high of GBX 2990.50. The stock’s 50-day moving average is GBX 2502.08 and its 200-day moving average is GBX 2380.87. The company’s market cap is £159.7 billion.
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.
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