Morgan Stanley Trims Royal Dutch Shell (RDSA) Target Price to GBX 2,369
Royal Dutch Shell (LON:RDSA) had its price target cut by stock analysts at Morgan Stanley from GBX 2,830 ($40.52) to GBX 2,369 ($33.92) in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 0.15% from the stock’s previous close.
A number of other research firms have also weighed in on RDSA. Royal Bank of Canada lifted their price objective on shares of Royal Dutch Shell from GBX 2,500 ($35.80) to GBX 2,800 ($40.09) and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Barclays reaffirmed an “overweight” rating and set a GBX 3,000 ($42.96) price target on shares of Royal Dutch Shell in a research note on Tuesday, February 27th. Citigroup reissued a “sell” rating and issued a GBX 2,200 ($31.50) target price on shares of Royal Dutch Shell in a research note on Thursday, March 22nd. Deutsche Bank reissued a “buy” rating on shares of Royal Dutch Shell in a research note on Friday, April 6th. Finally, HSBC lifted their price target on Royal Dutch Shell from GBX 2,560 ($36.66) to GBX 2,595 ($37.16) and gave the company a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 2,632 ($37.69).
Shares of RDSA opened at GBX 2,372.50 ($33.97) on Tuesday. Royal Dutch Shell has a 12-month low of GBX 1,982.50 ($28.39) and a 12-month high of GBX 2,579.50 ($36.93).
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