Barclays Reiterates Overweight Rating for Royal Dutch Shell Plc (RDSB)

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Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Tuesday, StockTargetPrices.com reports. They currently have a GBX 2,850 ($44.48) price objective on the stock. Barclays’ target price indicates a potential upside of 55.41% from the company’s current price.

Shares of Royal Dutch Shell Plc (LON:RDSB) traded up 0.5985% on Tuesday, hitting GBX 1849.0000. The stock had a trading volume of 1,548,011 shares. Royal Dutch Shell Plc has a 52 week low of GBX 1,761.50 and a 52 week high of GBX 2,599.00. The stock’s 50-day moving average is GBX 1,870.58 and its 200-day moving average is GBX 2,068.07. The company’s market cap is £116.53 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oddo & Cie reiterated a “buy” rating and set a GBX 2,450 ($38.23) price target on shares of Royal Dutch Shell Plc in a research note on Tuesday. Analysts at Sanford C. Bernstein reiterated an “outperform” rating and set a GBX 2,350 ($36.67) price target on shares of Royal Dutch Shell Plc in a research note on Monday. Analysts at BNP Paribas reiterated an “outperform” rating and set a GBX 2,290 ($35.74) price target on shares of Royal Dutch Shell Plc in a research note on Saturday. Analysts at Jefferies Group reiterated a “hold” rating and set a GBX 2,200 ($34.33) price target on shares of Royal Dutch Shell Plc in a research note on Friday. Finally, analysts at Societe Generale lowered their price target on shares of Royal Dutch Shell Plc from GBX 2,500 ($39.01) to GBX 2,370 ($36.99) and set a “buy” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 2,186.07 ($34.11).

In other Royal Dutch Shell Plc news, insider Simon Henry sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 2,117 ($33.04), for a total transaction of £423,400 ($660,736.58).

Royal Dutch Shell plc (LON:RDSB) 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. Downstream segment is engaged in manufacturing, distribution and marketing activities for oil products and chemicals, alternative energy (excluding wind), and carbon dioxide (CO2) management. Corporate segment represents the key support functions, such as Shell’s holdings, treasury and self-insurance organization. In January 2014, Royal Dutch Shell plc completed the acquisition of Repsol S.A.’s liquefied natural gas (LNG) portfolio outside North America. In June 2014, Shell sold 19% in Woodside Petroleum Limited.

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