Royal Dutch Shell plc (RDSA) Given Consensus Rating of “Buy” by Analysts
Royal Dutch Shell plc (LON:RDSA) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,612.73 ($34.36).
A number of equities analysts have recently weighed in on RDSA shares. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,750 ($36.17) target price on shares of Royal Dutch Shell in a report on Tuesday, September 19th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,500 ($32.88) target price on shares of Royal Dutch Shell in a report on Friday, September 1st. Deutsche Bank AG upped their target price on Royal Dutch Shell from GBX 2,400 ($31.57) to GBX 2,450 ($32.22) and gave the company a “buy” rating in a report on Monday, September 4th. J P Morgan Chase & Co upped their target price on Royal Dutch Shell from GBX 2,400 ($31.57) to GBX 2,650 ($34.85) and gave the company an “overweight” rating in a report on Thursday, October 19th. Finally, upped their target price on Royal Dutch Shell from GBX 2,500 ($32.88) to GBX 2,600 ($34.20) and gave the company a “buy” rating in a report on Tuesday, November 7th.
Shares of Royal Dutch Shell (LON:RDSA) traded down GBX 1.50 ($0.02) on Friday, hitting GBX 2,337.50 ($30.74). The stock had a trading volume of 3,856,166 shares, compared to its average volume of 5,720,000. Royal Dutch Shell has a one year low of GBX 1,929.50 ($25.38) and a one year high of GBX 2,516.32 ($33.10).
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