Royal Dutch Shell Plc (RDSB) Stock Rating Reaffirmed by Barclays PLC
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating restated by Barclays PLC in a research note issued to investors on Tuesday. They currently have a GBX 2,750 ($35.70) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 28.35% from the company’s previous close.
A number of other research firms have also weighed in on RDSB. Jefferies Group LLC set a GBX 2,600 ($33.75) price objective on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Saturday, May 20th. Panmure Gordon reissued a “buy” rating and set a GBX 2,500 ($32.45) price target on shares of Royal Dutch Shell Plc in a report on Friday, May 5th. J P Morgan Chase & Co set a GBX 2,400 ($31.16) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity reissued a “sell” rating and set a GBX 1,900 ($24.67) price target on shares of Royal Dutch Shell Plc in a report on Monday, May 8th. Finally, UBS AG set a GBX 2,550 ($33.10) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. Royal Dutch Shell Plc has an average rating of “Buy” and an average price target of GBX 2,411.32 ($31.30).
Royal Dutch Shell Plc (LON RDSB) opened at 2154.50 on Tuesday. The company’s 50 day moving average is GBX 2,129.06 and its 200-day moving average is GBX 2,162.29. Royal Dutch Shell Plc has a 1-year low of GBX 1,869.25 and a 1-year high of GBX 2,403.68. The stock’s market cap is GBX 176.95 billion.
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About Royal Dutch Shell Plc
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
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