Barclays Reaffirms Overweight Rating for Royal Dutch Shell (RDSB)

Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a report issued on Thursday. They currently have a GBX 3,000 ($41.45) target price on the stock. Barclays’ price target suggests a potential upside of 33.42% from the company’s current price.

A number of other research analysts also recently issued reports on RDSB. HSBC set a GBX 2,600 ($35.92) price target on Royal Dutch Shell and gave the company a “neutral” rating in a report on Wednesday, November 22nd. UBS set a GBX 2,550 ($35.23) price target on Royal Dutch Shell and gave the company a “buy” rating in a report on Thursday, November 23rd. Royal Bank of Canada set a GBX 2,750 ($37.99) price target on Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday, November 29th. Deutsche Bank boosted their price target on Royal Dutch Shell from GBX 2,675 ($36.96) to GBX 2,700 ($37.30) and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, JPMorgan Chase & Co. boosted their price target on Royal Dutch Shell from GBX 2,650 ($36.61) to GBX 2,850 ($39.38) and gave the company an “overweight” rating in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,615.26 ($36.13).

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Royal Dutch Shell stock opened at GBX 2,248.50 ($31.07) on Thursday. Royal Dutch Shell has a twelve month low of GBX 2,037 ($28.14) and a twelve month high of GBX 2,617 ($36.16). The stock has a market capitalization of $209,710.00 and a P/E ratio of 1,770.47.

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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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