Royal Dutch Shell Plc (RDSA) Receives “Outperform” Rating from Credit Suisse Group
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research report issued on Friday. They presently have a GBX 2,500 ($32.29) price objective on the stock. Credit Suisse Group’s price target points to a potential upside of 16.93% from the stock’s previous close.
RDSA has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Royal Dutch Shell Plc in a research report on Monday, July 17th. Barclays PLC reaffirmed an “overweight” rating on shares of Royal Dutch Shell Plc in a research report on Tuesday, May 16th. Jefferies Group LLC lowered their price objective on Royal Dutch Shell Plc from GBX 2,700 ($34.87) to GBX 2,600 ($33.58) and set a “buy” rating for the company in a research report on Wednesday, May 17th. Macquarie reaffirmed a “neutral” rating and issued a GBX 2,150 ($27.77) price objective on shares of Royal Dutch Shell Plc in a research report on Monday, July 24th. Finally, Deutsche Bank AG lifted their price objective on Royal Dutch Shell Plc from GBX 2,400 ($31.00) to GBX 2,450 ($31.64) and gave the company a “buy” rating in a research report on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, three have given 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 GBX 2,410.71 ($31.13).
Shares of Royal Dutch Shell Plc (RDSA) traded down 0.90% during trading on Friday, hitting GBX 2138.00. The stock had a trading volume of 3,335,593 shares. The stock’s 50 day moving average is GBX 2,132.92 and its 200-day moving average is GBX 2,101.12. Royal Dutch Shell Plc has a 12-month low of GBX 1,791.00 and a 12-month high of GBX 2,295.50.
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