Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reaffirmed by Barclays in a research report issued on Tuesday. They presently have a GBX 3,000 ($40.38) price target on the stock. Barclays’ price objective indicates a potential upside of 25.68% from the company’s current price.
Several other equities analysts also recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 2,650 ($35.67) target price on shares of Royal Dutch Shell in a research report on Thursday, November 9th. increased their target price on Royal Dutch Shell from GBX 2,550 ($34.32) to GBX 2,650 ($35.67) and gave the company a “buy” rating in a research report on Tuesday, November 7th. Morgan Stanley set a GBX 2,930 ($39.43) target price on Royal Dutch Shell and gave the company a “buy” rating in a research report on Tuesday, November 7th. Deutsche Bank increased their target price on Royal Dutch Shell from GBX 2,450 ($32.97) to GBX 2,675 ($36.00) and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Credit Suisse Group set a GBX 2,635 ($35.46) target price on Royal Dutch Shell and gave the company a “buy” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,573.68 ($34.64).
Shares of Royal Dutch Shell (LON:RDSB) opened at GBX 2,387 ($32.13) on Tuesday. Royal Dutch Shell has a 1 year low of GBX 2,037 ($27.42) and a 1 year high of GBX 2,580.53 ($34.73).
About Royal Dutch Shell
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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