Goldman Sachs Group, Inc. (The) Reiterates Neutral Rating for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Friday. They currently have a GBX 2,580 ($34.78) price objective on the stock, up from their previous price objective of GBX 2,520 ($33.98). Goldman Sachs Group, Inc. (The)’s price objective would indicate a potential upside of 15.10% from the company’s current price.
A number of other research firms have also recently weighed in on RDSB. J P Morgan Chase & Co set a GBX 2,400 ($32.36) price target on Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and issued a GBX 2,750 ($37.08) price target on shares of Royal Dutch Shell Plc in a report on Monday, August 7th. Beaufort Securities restated a “buy” rating and issued a GBX 2,500 ($33.71) price target on shares of Royal Dutch Shell Plc in a report on Thursday. UBS AG set a GBX 2,550 ($34.38) target price on Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, Jefferies Group LLC set a GBX 2,470 ($33.30) target price on Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 2,418.16 ($32.60).
Royal Dutch Shell Plc (LON RDSB) opened at 2241.50 on Friday. The stock’s market cap is GBX 184.09 billion. The company has a 50-day moving average of GBX 2,176.04 and a 200-day moving average of GBX 2,153.87. Royal Dutch Shell Plc has a 52 week low of GBX 1,878.50 and a 52 week high of GBX 2,403.68.
About Royal Dutch Shell Plc
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.
Receive News & Ratings for Royal Dutch Shell Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell Plc and related companies with MarketBeat.com's FREE daily email newsletter.