Goldman Sachs Group Boosts Royal Dutch Shell Plc Class B (RDSB) Price Target to GBX 3,130
Royal Dutch Shell Plc Class B (LON:RDSB) had its target price raised by Goldman Sachs Group from GBX 2,980 ($38.82) to GBX 3,130 ($40.77) in a report released on Friday morning. They currently have a buy rating on the stock.
A number of other research analysts have also recently weighed in on the stock. HSBC set a GBX 2,880 ($37.51) price objective on shares of Royal Dutch Shell Plc Class B and gave the company a neutral rating in a report on Thursday. Barclays restated an overweight rating and issued a GBX 3,300 ($42.99) price objective on shares of Royal Dutch Shell Plc Class B in a report on Tuesday, September 11th. JPMorgan Chase & Co. dropped their price objective on shares of Royal Dutch Shell Plc Class B from GBX 3,300 ($42.99) to GBX 3,100 ($40.38) and set an overweight rating for the company in a report on Tuesday, September 11th. Berenberg Bank began coverage on shares of Royal Dutch Shell Plc Class B in a report on Tuesday, September 11th. They issued a hold rating and a GBX 2,800 ($36.47) price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Royal Dutch Shell Plc Class B from GBX 2,411 ($31.41) to GBX 2,830 ($36.86) and gave the company an overweight rating in a report on Wednesday, September 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 2,766.32 ($36.03).
Shares of RDSB stock opened at GBX 2,508 ($32.67) on Friday. Royal Dutch Shell Plc Class B has a fifty-two week low of GBX 2,037 ($26.53) and a fifty-two week high of GBX 2,617 ($34.09).
About Royal Dutch Shell Plc Class B
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.
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