Royal Dutch Shell Plc Rating Increased to Buy at Deutsche Bank (RDSA)
Royal Dutch Shell Plc (LON:RDSA) was upgraded by research analysts at Deutsche Bank to a “buy” rating in a report released on Monday. The firm currently has a GBX 2,850 ($48.70) target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 18.58% from the company’s current price.
A number of other analysts have also recently weighed in on RDSA. Analysts at Jefferies Group reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note on Thursday. They now have a GBX 2,460 ($42.04) 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 Tuesday, July 15th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, July 10th. They now have a GBX 2,350 ($40.16) price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 2,457.14 ($41.99).
Shares of Royal Dutch Shell Plc (LON:RDSA) traded down 0.31% during mid-day trading on Monday, hitting GBX 2403.50. 2,570,429 shares of the company’s stock traded hands. 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 2393.91 and a 200-day moving average of GBX 2260.. The company’s market cap is £151.9 billion.
Royal Dutch Shell plc (LON:RDSA) is an independent oil and gas company, based in the United Kingdom.
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