Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reissued by analysts at Barclays in a report issued on Tuesday. They presently have a GBX 3,000 ($41.45) target price on the stock. Barclays’ price objective indicates a potential upside of 29.28% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank restated a “buy” rating and set a GBX 2,800 ($38.68) price target on shares of Royal Dutch Shell in a research note on Monday, February 5th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,950 ($40.76) price target on shares of Royal Dutch Shell in a research note on Tuesday, January 30th. Morgan Stanley set a GBX 2,930 ($40.48) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Goldman Sachs Group set a GBX 2,580 ($35.65) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Citigroup reiterated a “sell” rating and issued a GBX 2,050 ($28.32) price objective on shares of Royal Dutch Shell in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,615.26 ($36.13).
Shares of Royal Dutch Shell (RDSB) opened at GBX 2,320.50 ($32.06) on Tuesday. Royal Dutch Shell has a 52 week low of GBX 2,037 ($28.14) and a 52 week high of GBX 2,617 ($36.16). The company has a market capitalization of $219,970.00 and a P/E ratio of 1,567.91.
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.
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