Royal Dutch Shell Plc (RDSA) Price Target Raised to GBX 2,960
Royal Dutch Shell Plc (LON:RDSA) had its price target upped by analysts at Barclays PLC from GBX 2,600 ($32.18) to GBX 2,960 ($36.63) in a research report issued on Monday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price indicates a potential upside of 43.10% from the stock’s current price.
RDSA has been the topic of a number of other research reports. HSBC lowered their price objective on Royal Dutch Shell Plc from GBX 2,180 ($26.98) to GBX 2,050 ($25.37) and set a “buy” rating on the stock in a research report on Tuesday, September 27th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 1,830 ($22.65) price objective on shares of Royal Dutch Shell Plc in a research report on Wednesday, August 31st. JPMorgan Chase & Co. increased their price objective on Royal Dutch Shell Plc from GBX 1,630 ($20.17) to GBX 1,952 ($24.16) and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Morgan Stanley increased their price objective on Royal Dutch Shell Plc from GBX 2,280 ($28.22) to GBX 2,400 ($29.70) and gave the stock an “overweight” rating in a research report on Monday, July 11th. Finally, Jefferies Group increased their price objective on Royal Dutch Shell Plc from GBX 2,040 ($25.25) to GBX 2,400 ($29.70) and gave the stock a “buy” rating in a research report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Royal Dutch Shell Plc has a consensus rating of “Buy” and a consensus price target of GBX 2,054.88 ($25.43).
Shares of Royal Dutch Shell Plc (LON:RDSA) traded up 2.30% on Monday, hitting GBX 2116.00. The stock had a trading volume of 6,672,236 shares. The firm has a 50 day moving average of GBX 1,885.92 and a 200-day moving average of GBX 1,844.23. Royal Dutch Shell Plc has a 1-year low of GBX 1,256.00 and a 1-year high of GBX 2,127.40.
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Royal Dutch Shell Plc Company Profile
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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