Royal Dutch Shell Plc (LON:RDSB) had its price target increased by Canaccord Genuity from GBX 1,900 ($24.98) to GBX 2,000 ($26.30) in a report released on Wednesday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 14.16% from the company’s previous close.
RDSB has been the subject of several other reports. Morgan Stanley set a GBX 2,560 ($33.66) target price on Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Monday, July 17th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,750 ($36.16) target price on shares of Royal Dutch Shell Plc in a research report on Monday, October 2nd. J P Morgan Chase & Co set a GBX 2,600 ($34.18) target price on Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC set a GBX 2,470 ($32.47) target price on Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, UBS AG set a GBX 2,550 ($33.53) target price on Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,420.79 ($31.83).
ILLEGAL ACTIVITY NOTICE: “Royal Dutch Shell Plc (RDSB) PT Raised to GBX 2,000” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/2957276/royal-dutch-shell-plc-rdsb-pt-raised-to-gbx-2000.html.
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.