Royal Dutch Shell Plc (RDSB) Rating Reiterated by Panmure Gordon
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reissued by investment analysts at Panmure Gordon in a report issued on Wednesday. They currently have a GBX 2,300 ($30.02) price target on the stock. Panmure Gordon’s price target would indicate a potential upside of 6.11% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada reiterated a “sector performer” rating and issued a GBX 2,100 ($27.41) price objective on shares of Royal Dutch Shell Plc in a report on Tuesday. HSBC decreased their price objective on shares of Royal Dutch Shell Plc from GBX 2,250 ($29.37) to GBX 2,150 ($28.06) and set a “buy” rating for the company in a report on Tuesday, September 27th. Barclays PLC reiterated an “outperform” rating and issued a GBX 2,850 ($37.20) price objective on shares of Royal Dutch Shell Plc in a report on Thursday, August 25th. Goldman Sachs Group Inc. set a GBX 2,230 ($29.11) price objective on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Liberum Capital cut shares of Royal Dutch Shell Plc to a “hold” rating and upped their price objective for the stock from GBX 2,071 ($27.03) to GBX 2,085 ($27.22) in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,010.92 ($26.25).
Royal Dutch Shell Plc (LON:RDSB) traded up 2.14% during trading on Wednesday, reaching GBX 2167.50. The company had a trading volume of 7,484,272 shares. The stock’s market cap is GBX 173.40 billion. The firm has a 50-day moving average price of GBX 1,969.69 and a 200 day moving average price of GBX 1,883.43. Royal Dutch Shell Plc has a 12-month low of GBX 1,261.03 and a 12-month high of GBX 2,188.50.
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Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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