Royal Dutch Shell Plc Rating Reiterated by Sanford C. Bernstein (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “market perform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 2,300 ($38.70) target price on the stock. Sanford C. Bernstein’s price objective points to a potential downside of 8.33% from the company’s current price.
Royal Dutch Shell Plc (LON:RDSB) opened at 2514.575 on Friday. Royal Dutch Shell Plc has a one year low of GBX 2069.50 and a one year high of GBX 2990.50. The stock’s 50-day moving average is GBX 2536.86 and its 200-day moving average is GBX 2419.. The company’s market cap is £159.5 billion.
A number of other firms have also recently commented on RDSB. Analysts at RBC Capital reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research note on Friday, August 1st. They now have a GBX 2,700 ($45.43) price target on the stock. Separately, analysts at Jefferies Group upgraded shares of Royal Dutch Shell Plc to a “buy” rating in a research note on Friday, August 1st. They now have a GBX 2,730 ($45.94) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Royal Dutch Shell Plc presently has an average rating of “Hold” and an average price target of GBX 2,504.47 ($42.14).
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.