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Royal Dutch Shell plc (NASDAQ:RDS.A) was upgraded by research analysts at Nomura from a “neutral” rating to a “buy” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.

Royal Dutch Shell plc (NASDAQ:RDS.A) last posted its quarterly earnings results on Thursday, May 1st. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.72.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Royal Dutch Shell plc from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, analysts at Morgan Stanley upgraded shares of Royal Dutch Shell plc to an “overweight” rating in a research note on Wednesday, June 25th. Finally, analysts at Jefferies Group initiated coverage on shares of Royal Dutch Shell plc in a research note on Friday, April 25th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.00.

Royal Dutch Shell plc (NASDAQ:RDS) is an independent oil and gas company, based in the United Kingdom.

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