Royal Dutch Shell Plc (RDSB) PT Raised to GBX 2,000

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).

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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.

Analyst Recommendations for Royal Dutch Shell Plc (LON:RDSB)

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