Barclays PLC Reiterates Overweight Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays PLC in a report released on Monday. They currently have a GBX 2,600 ($31.69) target price on the stock. Barclays PLC’s price objective points to a potential upside of 26.58% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. Canaccord Genuity downgraded shares of Royal Dutch Shell Plc to a “sell” rating and boosted their target price for the stock from GBX 1,830 ($22.30) to GBX 1,950 ($23.77) in a report on Friday, October 14th. Citigroup Inc. restated a “neutral” rating on shares of Royal Dutch Shell Plc in a report on Thursday, October 13th. HSBC lifted their price target on shares of Royal Dutch Shell Plc from GBX 2,050 ($24.98) to GBX 2,260 ($27.54) and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Jefferies Group reaffirmed a “buy” rating and set a GBX 2,400 ($29.25) price target on shares of Royal Dutch Shell Plc in a research note on Wednesday, September 7th. Finally, Macquarie dropped their price target on shares of Royal Dutch Shell Plc from GBX 2,300 ($28.03) to GBX 2,200 ($26.81) and set an “outperform” rating for the company in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 2,064 ($25.16).
Royal Dutch Shell Plc (LON:RDSA) opened at 2056.00 on Monday. The firm’s 50 day moving average is GBX 1,919.99 and its 200-day moving average is GBX 1,864.64. Royal Dutch Shell Plc has a 52 week low of GBX 1,256.00 and a 52 week high of GBX 2,140.00.
Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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