Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays in a research note issued to investors on Friday. They currently have a GBX 3,000 ($42.13) price target on the stock. Barclays’ target price indicates a potential upside of 23.79% from the company’s current price.
A number of other brokerages also recently issued reports on RDSB. Deutsche Bank set a GBX 2,700 ($37.92) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, January 12th. Kepler Capital Markets reiterated a “buy” rating on shares of Royal Dutch Shell in a research report on Thursday, January 18th. Credit Suisse Group set a GBX 2,725 ($38.27) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, January 5th. Societe Generale increased their price objective on Royal Dutch Shell from GBX 2,660 ($37.35) to GBX 2,750 ($38.62) and gave the stock a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Royal Dutch Shell from GBX 2,850 ($40.02) to GBX 2,950 ($41.43) and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,620.53 ($36.80).
Shares of Royal Dutch Shell (RDSB) traded down GBX 9 ($0.13) during mid-day trading on Friday, hitting GBX 2,423.50 ($34.03). The company had a trading volume of 5,215,827 shares, compared to its average volume of 3,900,000. Royal Dutch Shell has a one year low of GBX 2,037 ($28.61) and a one year high of GBX 2,617 ($36.75). The stock has a market capitalization of $228,520.00 and a P/E ratio of 1,938.80.
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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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