Royal Dutch Shell Plc’s (RDSA) “Buy” Rating Reiterated at Deutsche Bank AG
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a GBX 2,220 ($27.06) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 8.29% from the stock’s current price.
Several other analysts also recently weighed in on the company. Barclays PLC restated an “overweight” rating and set a GBX 2,600 ($31.69) price objective on shares of Royal Dutch Shell Plc in a research report on Monday. Canaccord Genuity downgraded Royal Dutch Shell Plc to a “sell” rating and increased their target price for the company from GBX 1,830 ($22.30) to GBX 1,950 ($23.77) in a research report on Friday. Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell Plc in a research report on Thursday, October 13th. HSBC increased their target price on Royal Dutch Shell Plc from GBX 2,050 ($24.98) to GBX 2,260 ($27.54) and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 2,400 ($29.25) target price on shares of Royal Dutch Shell Plc in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. Royal Dutch Shell Plc has a consensus rating of “Buy” and an average target price of GBX 2,064 ($25.16).
Royal Dutch Shell Plc (LON:RDSA) opened at 2050.00 on Tuesday. The firm has a 50 day moving average of GBX 1,916.86 and a 200-day moving average of GBX 1,861.82. Royal Dutch Shell Plc has a 12 month low of GBX 1,256.00 and a 12 month high of GBX 2,140.00.
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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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