Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a GBX 2,850 ($43.65) price objective on the stock. Barclays’ price objective would suggest a potential upside of 65.99% from the company’s previous close.
RDSB has been the topic of several other reports. RBC Capital reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research report on Tuesday, July 7th. Societe Generale cut their target price on shares of Royal Dutch Shell Plc from GBX 2,370 ($36.30) to GBX 1,800 ($27.57) and set a “buy” rating on the stock in a report on Tuesday, October 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a GBX 2,360 ($36.15) price target on shares of Royal Dutch Shell Plc in a research note on Tuesday, August 25th. Raymond James reissued an “outperform” rating and set a GBX 2,154.74 ($33.00) price objective on shares of Royal Dutch Shell Plc in a research report on Thursday, July 9th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,200 ($33.70) price target on shares of Royal Dutch Shell Plc in a research report on Thursday, October 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,995.71 ($30.57).
In related news, insider Goh,Euleen Yiu Kiang bought 5,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of GBX 1,890 ($28.95) per share, with a total value of £94,500 ($144,738.86).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 1717.00 on Friday. Royal Dutch Shell Plc has a 52-week low of GBX 1,502.50 and a 52-week high of GBX 2,408.50. The company’s 50-day moving average is GBX 1,692.55 and its 200 day moving average is GBX 1,844.89. The firm’s market capitalization is GBX 108.60 billion.
Royal Dutch Shell plc (LON:RDSB) is an independent gas and oil business. The Firm is engaged in the main aspects of the gas and oil sector in more than 70 nations. The Company operates in three segments: Upstream, Downstream and Corporate. In Upstream, the Business targets developing new projects and on investigation for new liquids and natural gas reserves. In Downstream, the Organization concentrates on turning crude oil into a variety of refined goods, which are transferred and marketed across the entire world for domestic, industrial and transport use. The Upstream Americas business of the Company’s manages the Upstream actions in North and South America of Shell. It also extracts bitumen from oil sands that’s converted into synthetic crude oil. The Business ‘s Upstream International business manages the Upstream activities outside the Americas of Shell. The Business ‘s Downstream business manages the refining and marketing activities of Shell for oil products and chemicals.document.write(‘‘);
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