Royal Dutch Shell (RDSB) Rating Reiterated by Barclays
Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research note issued to investors on Tuesday. They currently have a GBX 3,000 ($40.38) price target on the stock. Barclays’ price objective would indicate a potential upside of 26.26% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. UBS set a GBX 2,675 ($36.00) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Monday, December 4th. HSBC set a GBX 2,700 ($36.34) target price on shares of Royal Dutch Shell and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Goldman Sachs Group set a GBX 2,700 ($36.34) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 2,930 ($39.43) target price on shares of Royal Dutch Shell in a research report on Wednesday, November 29th. Finally, Citigroup reiterated a “sell” rating and issued a GBX 2,050 ($27.59) target price on shares of Royal Dutch Shell in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,573.68 ($34.64).
Shares of Royal Dutch Shell (LON RDSB) traded up GBX 6.14 ($0.08) during trading hours on Tuesday, hitting GBX 2,376.14 ($31.98). 5,261,942 shares of the company traded hands, compared to its average volume of 5,080,000. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($27.42) and a fifty-two week high of GBX 2,580.53 ($34.73).
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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