Royal Dutch Shell Plc (RDSB) Given Buy Rating at Beaufort Securities
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reaffirmed by analysts at Beaufort Securities in a research report issued to clients and investors on Thursday. They presently have a GBX 2,500 ($33.71) price objective on the stock. Beaufort Securities’ target price suggests a potential upside of 13.71% from the stock’s previous close.
RDSB has been the subject of a number of other reports. Morgan Stanley set a GBX 2,560 ($34.52) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Monday, July 17th. Barclays PLC restated an “overweight” rating and set a GBX 2,750 ($37.08) price target on shares of Royal Dutch Shell Plc in a report on Tuesday, August 22nd. J P Morgan Chase & Co set a GBX 2,600 ($35.05) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Friday, June 23rd. Jefferies Group LLC set a GBX 2,470 ($33.30) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, UBS AG set a GBX 2,550 ($34.38) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,415 ($32.56).
Royal Dutch Shell Plc (LON RDSB) traded up 0.77% on Thursday, hitting GBX 2215.50. The company had a trading volume of 1,883,622 shares. The firm’s 50 day moving average price is GBX 2,176.04 and its 200 day moving average price is GBX 2,153.87. The stock’s market cap is GBX 181.96 billion. Royal Dutch Shell Plc has a 12-month low of GBX 1,878.50 and a 12-month high of GBX 2,403.68.
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About Royal Dutch Shell Plc
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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