Royal Dutch Shell Plc Receives Buy Rating from Deutsche Bank (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Friday. They currently have a GBX 2,850 ($48.40) target price on the stock. Deutsche Bank’s price target indicates a potential upside of 18.16% from the company’s current price.
Shares of Royal Dutch Shell Plc (LON:RDSA) traded down 1.19% on Friday, hitting GBX 2412.00. 3,652,479 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 2407.14 and a 200-day moving average of GBX 2275.. The company’s market cap is £153.0 billion.
RDSA has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Royal Dutch Shell Plc in a research note on Monday, July 28th. They now have a GBX 2,950 ($50.09) price target on the stock. Separately, 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. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, July 17th. They now have a GBX 2,460 ($41.77) price target on the stock. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,558.93 ($43.45).
Royal Dutch Shell plc (LON:RDSA) is an independent oil and gas company, based in the United Kingdom.
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