Shares of Royal Dutch Shell Plc (LON:RDSB) have been given a consensus recommendation of “Buy” by the twenty brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 2,620.53 ($36.74).
RDSB has been the topic of a number of recent analyst reports. Morgan Stanley set a GBX 2,930 ($41.08) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,950 ($41.36) price objective on shares of Royal Dutch Shell in a research report on Tuesday, January 30th. Macquarie reissued a “neutral” rating and issued a GBX 2,150 ($30.15) price objective on shares of Royal Dutch Shell in a research report on Thursday, October 26th. Deutsche Bank increased their price objective on shares of Royal Dutch Shell from GBX 2,450 ($34.35) to GBX 2,675 ($37.51) and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, UBS Group set a GBX 2,675 ($37.51) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, December 4th.
Royal Dutch Shell (LON RDSB) traded down GBX 42.50 ($0.60) during trading on Friday, reaching GBX 2,253.50 ($31.60). 7,127,579 shares of the company’s stock were exchanged, compared to its average volume of 4,800,000. The firm has a market cap of $214,030.00 and a price-to-earnings ratio of 1,760.55. Royal Dutch Shell has a 12 month low of GBX 2,037 ($28.56) and a 12 month high of GBX 2,617 ($36.69).
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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