Royal Dutch Shell Plc Upgraded by Jefferies Group to “Buy” (RDSB)
Royal Dutch Shell Plc (LON:RDSB) was upgraded by stock analysts at Jefferies Group to a “buy” rating in a report issued on Friday. The firm currently has a GBX 2,730 ($46.36) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 6.83% from the company’s current price.
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2529.00 on Friday. Royal Dutch Shell Plc has a 52-week low of GBX 2069.50 and a 52-week high of GBX 2990.50. The stock’s 50-day moving average is GBX 2528. and its 200-day moving average is GBX 2411.07. The company’s market cap is £159.9 billion.
A number of other firms have also recently commented on RDSB. Analysts at Investec reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note on Thursday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Royal Dutch Shell Plc in a research note on Thursday. They now have a GBX 2,800 ($47.55) price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Royal Dutch Shell Plc from GBX 2,650 ($45.00) to GBX 2,800 ($47.55) in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 2,504.47 ($42.53).
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.
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