Royal Dutch Shell Plc (RDSA) Earns Overweight Rating from Barclays PLC
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays PLC in a report issued on Monday. They currently have a GBX 2,600 ($32.18) price target on the stock. Barclays PLC’s target price would suggest a potential upside of 25.39% from the company’s current price.
A number of other equities analysts have also commented on the stock. Canaccord Genuity lowered shares of Royal Dutch Shell Plc to a “sell” rating and raised their price objective for the stock from GBX 1,830 ($22.65) to GBX 1,950 ($24.13) in a research note on Friday. Citigroup Inc. reaffirmed a “neutral” rating on shares of Royal Dutch Shell Plc in a research note on Thursday. HSBC raised their price objective on shares of Royal Dutch Shell Plc from GBX 2,050 ($25.37) to GBX 2,260 ($27.97) and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,400 ($29.70) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, September 7th. Finally, Macquarie decreased their price objective on shares of Royal Dutch Shell Plc from GBX 2,300 ($28.47) to GBX 2,200 ($27.23) and set an “outperform” rating for the company in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,053.12 ($25.41).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2069.00 on Monday. Royal Dutch Shell Plc has a 12 month low of GBX 1,256.00 and a 12 month high of GBX 2,140.00. The company’s 50-day moving average is GBX 1,911.03 and its 200-day moving average is GBX 1,856.94.
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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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