Royal Dutch Shell (LON:RDSB) received a GBX 2,725 ($36.44) target price from research analysts at Credit Suisse Group in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 6.38% from the stock’s current price.
Other analysts also recently issued reports about the company. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,500 ($33.43) target price on shares of Royal Dutch Shell in a research report on Monday, October 23rd. Macquarie restated a “neutral” rating and set a GBX 2,150 ($28.75) price target on shares of Royal Dutch Shell in a research note on Thursday, October 26th. Goldman Sachs Group set a GBX 2,580 ($34.50) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Friday, November 3rd. Morgan Stanley set a GBX 2,930 ($39.18) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Citigroup restated a “sell” rating and set a GBX 2,050 ($27.41) price target on shares of Royal Dutch Shell in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. Royal Dutch Shell presently has a consensus rating of “Buy” and an average price target of GBX 2,589.47 ($34.62).
Shares of Royal Dutch Shell (LON:RDSB) opened at GBX 2,561.50 ($34.25) on Friday. Royal Dutch Shell has a 52-week low of GBX 2,037 ($27.24) and a 52-week high of GBX 2,580.53 ($34.50). The firm has a market capitalization of $238,080.00 and a price-to-earnings ratio of 2,393.93.
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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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