Royal Dutch Shell Plc Upgraded by Deutsche Bank to “Buy” (RDSA)
Royal Dutch Shell Plc (LON:RDSA) was upgraded by equities researchers at Deutsche Bank to a “buy” rating in a research report issued on Wednesday. The firm currently has a GBX 2,850 ($48.89) price objective on the stock, up from their previous price objective of GBX 2,550 ($43.74). Deutsche Bank’s price objective indicates a potential upside of 19.10% from the company’s current price.
RDSA has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research note on Tuesday. They now have a GBX 2,550 ($43.74) price target on the stock. 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 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 ($40.31) price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 2,338.67 ($40.11).
Royal Dutch Shell Plc (LON:RDSA) traded up 0.08% during mid-day trading on Wednesday, hitting GBX 2393.00. The stock had a trading volume of 2,701,673 shares. 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 £151.3 billion.
Royal Dutch Shell plc (LON:RDSA) is an independent oil and gas company, based in the United Kingdom.
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