Royal Dutch Shell Plc (RDSB) Given Average Rating of “Buy” by Analysts
Royal Dutch Shell Plc (LON:RDSB) has been given an average recommendation of “Buy” by the nineteen analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 2,589.47 ($35.12).
A number of equities analysts have commented on RDSB shares. Barclays reiterated an “overweight” rating and issued a GBX 3,000 ($40.68) target price on shares of Royal Dutch Shell in a report on Tuesday, December 5th. Deutsche Bank set a GBX 2,700 ($36.62) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,650 ($35.94) target price on shares of Royal Dutch Shell in a report on Thursday, November 9th. Canaccord Genuity boosted their target price on shares of Royal Dutch Shell from GBX 1,900 ($25.77) to GBX 2,000 ($27.12) and gave the stock a “sell” rating in a report on Wednesday, October 11th. Finally, set a GBX 2,550 ($34.58) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, October 13th.
Shares of Royal Dutch Shell (LON:RDSB) traded up GBX 6 ($0.08) during trading on Monday, reaching GBX 2,609 ($35.38). 3,165,883 shares of the company’s stock were exchanged, compared to its average volume of 3,760,000. The company has a market capitalization of $241,080.00 and a P/E ratio of 2,461.32. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($27.62) and a fifty-two week high of GBX 2,614 ($35.45).
Royal Dutch Shell Company Profile
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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