Royal Dutch Shell Plc (RDSA) Receives “Overweight” Rating from Barclays PLC
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a note issued to investors on Tuesday. They currently have a GBX 2,600 ($33.94) price objective on the stock. Barclays PLC’s price objective would indicate a potential upside of 25.69% from the company’s previous close.
Several other research firms have also recently issued reports on RDSA. Jefferies Group upped their price target on shares of Royal Dutch Shell Plc from GBX 2,040 ($26.63) to GBX 2,400 ($31.33) and gave the company a “buy” rating in a report on Monday, July 11th. Morgan Stanley upped their price target on shares of Royal Dutch Shell Plc from GBX 2,280 ($29.76) to GBX 2,400 ($31.33) and gave the company an “overweight” rating in a report on Monday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Royal Dutch Shell Plc in a report on Monday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Royal Dutch Shell Plc from GBX 1,630 ($21.28) to GBX 1,952 ($25.48) and gave the stock a “neutral” rating in a report on Thursday, July 21st. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,070 ($27.02) target price on shares of Royal Dutch Shell Plc in a report on Monday, July 4th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Royal Dutch Shell Plc currently has a consensus rating of “Buy” and an average target price of GBX 2,033.71 ($26.55).
Royal Dutch Shell Plc (LON:RDSA) traded up 2.1734% during mid-day trading on Tuesday, reaching GBX 2067.6917. 6,405,027 shares of the company were exchanged. The company’s 50 day moving average price is GBX 1,885.92 and its 200-day moving average price is GBX 1,844.23. The stock’s market capitalization is GBX 1550.50 billion. Royal Dutch Shell Plc has a 12 month low of GBX 1,256.00 and a 12 month high of GBX 2,127.40.
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About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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