Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays in a research report issued to clients and investors on Friday. They presently have a GBX 3,000 ($40.68) price objective on the stock. Barclays’ price objective points to a potential upside of 16.91% from the company’s current price.

Several other research firms also recently weighed in on RDSB. Morgan Stanley set a GBX 2,560 ($34.72) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Monday, October 2nd. JPMorgan Chase & Co. set a GBX 2,650 ($35.94) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, November 3rd. Macquarie restated a “neutral” rating and issued a GBX 2,150 ($29.16) price target on shares of Royal Dutch Shell in a research note on Thursday, October 26th. Deutsche Bank upped their price target on Royal Dutch Shell from GBX 2,450 ($33.22) to GBX 2,675 ($36.28) and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, UBS Group set a GBX 2,675 ($36.28) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,589.47 ($35.12).

Royal Dutch Shell (RDSB) opened at GBX 2,566 ($34.80) on Friday. The stock has a market capitalization of $241,200.00 and a P/E ratio of 2,420.75. Royal Dutch Shell has a 52 week low of GBX 2,037 ($27.62) and a 52 week high of GBX 2,617 ($35.49).

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/01/19/barclays-reiterates-overweight-rating-for-royal-dutch-shell-rdsb-2.html.

About Royal Dutch Shell

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.

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.