Citigroup Inc. Reiterates “Neutral” Rating for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Thursday. They currently have a GBX 2,350 ($40.31) price objective on the stock. Citigroup Inc.’s price objective suggests a potential downside of 6.28% from the stock’s previous close.
Royal Dutch Shell Plc (LON:RDSB) traded down 0.71% on Thursday, hitting GBX 2507.50. The stock had a trading volume of 3,067,259 shares. Royal Dutch Shell Plc has a one year low of GBX 2069.50 and a one year high of GBX 2990.50. The stock has a 50-day moving average of GBX 2499. and a 200-day moving average of GBX 2383.82. The company’s market cap is £158.5 billion.
A number of other firms have also recently commented on RDSB. Analysts at Liberum Capital raised their price target on shares of Royal Dutch Shell Plc from GBX 2,250 ($38.59) to GBX 2,290 ($39.28) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, 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). Finally, 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 2,478.66 ($42.52).
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.
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