RDS-A (RDS-A) Price Target Raised to $56.39
RDS-A (NASDAQ:RDS-A) had its price objective upped by BNP Paribas from $46.57 to $56.39 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the oil and gas company’s stock. BNP Paribas’ price target would suggest a potential upside of 3.75% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Societe Generale raised RDS-A from a “hold” rating to a “buy” rating in a report on Friday, May 5th. Morgan Stanley reaffirmed a “buy” rating on shares of RDS-A in a report on Monday, April 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $67.50 price target on shares of RDS-A in a report on Monday, April 3rd. Simmons reaffirmed an “overweight” rating and issued a $60.00 price target (down previously from $61.00) on shares of RDS-A in a report on Wednesday, April 19th. Finally, Citigroup Inc reaffirmed a “sell” rating and issued a $46.57 price target (down previously from $56.39) on shares of RDS-A in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.86.
RDS-A (NASDAQ:RDS-A) traded down 0.06% during trading on Friday, reaching $54.32. The company’s stock had a trading volume of 918,330 shares. RDS-A has a 12-month low of $46.57 and a 12-month high of $56.39. The company has a market capitalization of $221.48 billion and a P/E ratio of 29.05. The firm’s 50-day moving average price is $53.57 and its 200 day moving average price is $53.08.
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