Goldman Sachs Group Reiterates “GBX 2,790” Price Target for Royal Dutch Shell (RDSB)
Royal Dutch Shell (LON:RDSB) received a GBX 2,790 ($37.55) price objective from analysts at Goldman Sachs Group in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 14.63% from the company’s previous close.
A number of other brokerages have also recently weighed in on RDSB. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 2,650 ($35.67) price target on shares of Royal Dutch Shell in a research report on Thursday, November 9th. boosted their price target on shares of Royal Dutch Shell from GBX 2,550 ($34.32) to GBX 2,650 ($35.67) and gave the company a “buy” rating in a research report on Tuesday, November 7th. Barclays reissued an “overweight” rating and issued a GBX 2,850 ($38.36) price target on shares of Royal Dutch Shell in a research report on Friday, November 10th. Morgan Stanley set a GBX 2,930 ($39.43) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Deutsche Bank boosted their price target on shares of Royal Dutch Shell from GBX 2,450 ($32.97) to GBX 2,675 ($36.00) and gave the company a “buy” rating in a research report on Monday, November 6th. Two investment 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 company has a consensus rating of “Buy” and a consensus price target of GBX 2,578.42 ($34.70).
Shares of Royal Dutch Shell (RDSB) opened at GBX 2,434 ($32.76) on Thursday. Royal Dutch Shell has a 1 year low of GBX 2,037 ($27.42) and a 1 year high of GBX 2,580.53 ($34.73).
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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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