Deutsche Bank AG Analysts Give Royal Dutch Shell Plc (RDSB) a GBX 2,450 Price Target
Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,450 ($32.50) target price by stock analysts at Deutsche Bank AG in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 4.48% from the stock’s previous close.
RDSB has been the topic of several other research reports. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 2,600 ($34.49) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, June 14th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,750 ($36.48) target price on shares of Royal Dutch Shell Plc in a report on Tuesday, July 4th. Macquarie lowered Royal Dutch Shell Plc to a “neutral” rating and reduced their price objective for the company from GBX 2,400 ($31.83) to GBX 2,150 ($28.52) in a research note on Wednesday, June 21st. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 1,900 ($25.20) price target on shares of Royal Dutch Shell Plc in a research report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.43) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 2,412.89 ($32.01).
Royal Dutch Shell Plc (LON RDSB) traded down 1.13% during midday trading on Wednesday, hitting GBX 2318.50. 2,351,705 shares of the stock were exchanged. Royal Dutch Shell Plc has a one year low of GBX 2,006.00 and a one year high of GBX 2,403.68. The firm has a 50-day moving average price of GBX 2,194.53 and a 200-day moving average price of GBX 2,157.19. The stock’s market cap is GBX 190.42 billion.
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Royal Dutch Shell Plc Company Profile
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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