Royal Dutch Shell Plc’s (RDSB) Sector Performer Rating Reiterated at Royal Bank Of Canada
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “sector performer” rating reissued by stock analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. They currently have a GBX 2,100 ($27.41) target price on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 3.11% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($33.94) price target on shares of Royal Dutch Shell Plc in a research note on Monday, July 18th. Societe Generale set a GBX 2,500 ($32.63) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Thursday, July 7th. Liberum Capital reissued a “buy” rating and issued a GBX 2,071 ($27.03) price target on shares of Royal Dutch Shell Plc in a research note on Thursday, July 28th. HSBC set a GBX 2,275 ($29.70) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. set a GBX 2,230 ($29.11) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 2,010.92 ($26.25).
Royal Dutch Shell Plc (LON:RDSB) traded up 2.14% on Tuesday, reaching GBX 2167.50. 7,484,272 shares of the company’s stock were exchanged. The firm’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 one year low of GBX 1,261.03 and a one year 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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