Royal Dutch Shell Plc Upgraded to “Buy” by Jefferies Group (RDSA)
Royal Dutch Shell Plc (LON:RDSA) was upgraded by equities researchers at Jefferies Group to a “buy” rating in a research report issued on Friday. The firm currently has a GBX 2,730 ($46.36) price target on the stock, up from their previous price target of GBX 2,460 ($41.77). Jefferies Group’s price objective points to a potential upside of 13.18% from the company’s current price.
Royal Dutch Shell Plc (LON:RDSA) traded down 1.19% on Friday, hitting GBX 2412.00. The stock had a trading volume of 3,652,479 shares. Royal Dutch Shell Plc has a one year low of GBX 1975.00 and a one year high of GBX 2864.00. The stock’s 50-day moving average is GBX 2407.14 and its 200-day moving average is 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 Deutsche Bank reiterated a “buy” rating on shares of Royal Dutch Shell Plc in a research note on Friday. They now have a GBX 2,850 ($48.40) 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 Monday, July 28th. They now have a GBX 2,950 ($50.09) 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. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Royal Dutch Shell Plc currently has an average 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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