Royal Dutch Shell (LON:RDSB) received a GBX 2,830 ($39.10) price target from investment analysts at Morgan Stanley in a report issued on Tuesday. The firm presently has a “buy” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 22.25% from the company’s previous close.
Several other analysts also recently weighed in on the company. Goldman Sachs Group reiterated a “buy” rating on shares of Royal Dutch Shell in a research note on Tuesday. Deutsche Bank reiterated a “buy” rating and set a GBX 2,800 ($38.68) price target on shares of Royal Dutch Shell in a research note on Monday, February 5th. JPMorgan Chase & Co. set a GBX 2,950 ($40.76) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Monday, February 5th. UBS Group set a GBX 2,675 ($36.96) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, S&P Global set a GBX 2,700 ($37.30) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,615.26 ($36.13).
Shares of Royal Dutch Shell (LON RDSB) opened at GBX 2,314.93 ($31.98) on Tuesday. The firm has a market capitalization of $218,500.00 and a PE ratio of 1,808.54. Royal Dutch Shell has a one year low of GBX 2,037 ($28.14) and a one year high of GBX 2,617 ($36.16).
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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