Royal Dutch Shell (RDSB) Given “Overweight” Rating at Barclays

Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays in a research report issued on Friday. They presently have a GBX 3,000 ($40.68) price target on the stock. Barclays’ target price would suggest a potential upside of 17.19% from the company’s current price.

Several other research firms have also weighed in on RDSB. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,500 ($33.90) price target on shares of Royal Dutch Shell in a research report on Wednesday, November 1st. HSBC set a GBX 2,700 ($36.62) price target on Royal Dutch Shell and gave the stock a “neutral” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. set a GBX 2,850 ($38.65) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, December 8th. Deutsche Bank boosted their price target on Royal Dutch Shell from GBX 2,675 ($36.28) to GBX 2,700 ($36.62) and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Finally, Jefferies Group set a GBX 2,650 ($35.94) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,589.47 ($35.12).

Shares of Royal Dutch Shell (LON RDSB) traded down GBX 9.50 ($0.13) during trading on Friday, reaching GBX 2,560 ($34.72). Royal Dutch Shell has a 12 month low of GBX 2,037 ($27.62) and a 12 month high of GBX 2,617 ($35.49). The company has a market cap of $240,310.00 and a PE ratio of 2,415.09.

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Royal Dutch Shell Company Profile

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 (LON:RDSB)

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