Royal Dutch Shell Plc Upgraded to Buy by Deutsche Bank (RDSB)
Royal Dutch Shell Plc (LON:RDSB) was upgraded by research analysts at Deutsche Bank to a “buy” rating in a report released on Wednesday. The firm currently has a GBX 2,850 ($48.89) target price on the stock, up from their previous target price of GBX 2,400 ($41.17). Deutsche Bank’s target price would indicate a potential upside of 12.85% from the company’s current price.
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 has a 50-day moving average of GBX 2502.08 and a 200-day moving average of GBX 2380.87. The company’s market cap is £159.7 billion.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at ABN Amro reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, June 19th. They now have a GBX 2,203.27 ($37.79) price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 2,465.74 ($42.29).
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.