Royal Dutch Shell Plc (RDSB) Earns Outperform Rating from Royal Bank Of Canada
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Monday. They presently have a GBX 2,500 ($32.99) price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.80% from the stock’s previous close.
A number of other research firms have also recently commented on RDSB. Morgan Stanley set a GBX 2,560 ($33.78) target price on Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co set a GBX 2,400 ($31.67) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.25) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Monday, September 11th. HSBC Holdings plc set a GBX 2,550 ($33.65) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Friday, October 13th. Finally, UBS AG set a GBX 2,550 ($33.65) price target on Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the stock. Royal Dutch Shell Plc has an average rating of “Buy” and a consensus target price of GBX 2,448.68 ($32.31).
Royal Dutch Shell Plc (LON:RDSB) traded up 0.40% during midday trading on Monday, reaching GBX 2363.00. The company’s stock had a trading volume of 4,084,796 shares. The company’s 50-day moving average is GBX 2,262.97 and its 200 day moving average is GBX 2,170.91. Royal Dutch Shell Plc has a 12-month low of GBX 2,006.00 and a 12-month high of GBX 2,403.68. The firm’s market cap is GBX 194.07 billion.
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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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