Royal Dutch Shell Plc (RDSA) Price Target Increased to GBX 2,960 by Analysts at Barclays PLC
Royal Dutch Shell Plc (LON:RDSA) had its target price upped by equities researchers at Barclays PLC from GBX 2,600 ($33.94) to GBX 2,960 ($38.64) in a report issued on Monday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price target would indicate a potential upside of 43.10% from the company’s previous close.
RDSA has been the topic of several other research reports. HSBC lowered their price objective on shares of Royal Dutch Shell Plc from GBX 2,180 ($28.46) to GBX 2,050 ($26.76) and set a “buy” rating on the stock in a research note on Tuesday, September 27th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 1,830 ($23.89) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, August 31st. JPMorgan Chase & Co. increased their price objective 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 research note on Thursday, July 21st. Morgan Stanley increased their price objective on shares of Royal Dutch Shell Plc from GBX 2,280 ($29.76) to GBX 2,400 ($31.33) and gave the stock an “overweight” rating in a research note on Monday, July 11th. Finally, Jefferies Group raised their target price on shares of Royal Dutch Shell Plc from GBX 2,040 ($26.63) to GBX 2,400 ($31.33) and gave the stock a “buy” rating in a research note on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Royal Dutch Shell Plc has an average rating of “Buy” and a consensus target price of GBX 2,033.71 ($26.55).
Royal Dutch Shell Plc (LON:RDSA) traded up 2.42% during trading on Monday, reaching GBX 2118.50. 4,637,241 shares of the company’s stock were exchanged. Royal Dutch Shell Plc has a 12-month low of GBX 1,256.00 and a 12-month high of GBX 2,127.40. The stock’s 50-day moving average is GBX 1,885.92 and its 200-day moving average is GBX 1,844.23.
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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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