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).
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.
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