Royal Dutch Shell Plc (RDSA) Given Buy Rating at Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Royal Dutch Shell Plc (LON:RDSA) in a research note published on Tuesday. The firm currently has a GBX 2,220 ($27.06) price target on the stock.
A number of other analysts have also issued reports on RDSA. JPMorgan Chase & Co. lifted their price objective on shares of Royal Dutch Shell Plc from GBX 1,630 ($19.87) to GBX 1,952 ($23.79) and gave the company a neutral rating in a research note on Thursday, July 21st. Jefferies Group restated a buy rating and issued a GBX 2,400 ($29.25) price target on shares of Royal Dutch Shell Plc in a research note on Wednesday, September 7th. Credit Suisse Group AG lifted their price target on shares of Royal Dutch Shell Plc from GBX 2,070 ($25.23) to GBX 2,150 ($26.20) and gave the stock an outperform rating in a research note on Friday, July 29th. HSBC restated a buy rating and issued a GBX 2,180 ($26.57) price target (down previously from GBX 2,275 ($27.73)) on shares of Royal Dutch Shell Plc in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity dropped their price target on shares of Royal Dutch Shell Plc from GBX 1,930 ($23.52) to GBX 1,830 ($22.30) and set a hold rating for the company in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 2,064 ($25.16).
Royal Dutch Shell Plc (LON:RDSA) opened at 2057.00 on Tuesday. 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 12 month low of GBX 1,256.00 and a 12 month high of GBX 2,140.00.
About Royal Dutch Shell Plc
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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