Royal Dutch Shell Plc (RDSB) PT Set at GBX 2,220 by Deutsche Bank AG
Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,220 ($27.06) target price by equities researchers at Deutsche Bank AG in a research note issued on Tuesday. The firm currently has a a “buy” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 3.47% from the stock’s previous close.
Several other equities analysts also recently issued reports on the stock. Goldman Sachs Group Inc. set a GBX 2,225 ($27.12) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Wednesday, October 5th. Barclays PLC restated an “overweight” rating and issued a GBX 2,600 ($31.69) price target on shares of Royal Dutch Shell Plc in a research note on Monday, July 18th. Societe Generale set a GBX 2,500 ($30.47) 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 restated a “buy” rating and issued a GBX 2,071 ($25.24) price target on shares of Royal Dutch Shell Plc in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada downgraded shares of Royal Dutch Shell Plc to a “sector performer” rating and decreased their price target for the company from GBX 2,250 ($27.42) to GBX 2,100 ($25.59) in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 2,039.25 ($24.85).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2161.50 on Tuesday. Royal Dutch Shell Plc has a 12 month low of GBX 1,261.03 and a 12 month high of GBX 2,251.50. The stock’s market cap is GBX 172.92 billion. The company has a 50 day moving average of GBX 2,004.36 and a 200 day moving average of GBX 1,905.41.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/royal-dutch-shell-plc-rdsb-pt-set-at-gbx-2220-by-deutsche-bank-ag.html
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.
Receive News & Ratings for Royal Dutch Shell Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell Plc and related companies with MarketBeat.com's FREE daily email newsletter.