Barclays Reiterates “Overweight” Rating for Royal Dutch Shell (RDSA)
Royal Dutch Shell (LON:RDSA)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a note issued to investors on Tuesday. They currently have a GBX 3,000 ($40.69) target price on the stock. Barclays’ target price suggests a potential upside of 11.26% from the stock’s previous close.
RDSA has been the topic of a number of other research reports. JPMorgan Chase boosted their target price on Royal Dutch Shell from GBX 2,850 ($38.66) to GBX 2,950 ($40.02) and gave the company an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada boosted their target price on Royal Dutch Shell from GBX 2,500 ($33.91) to GBX 2,800 ($37.98) and gave the company an “outperform” rating in a report on Tuesday, April 10th. Morgan Stanley dropped their target price on Royal Dutch Shell from GBX 2,830 ($38.39) to GBX 2,369 ($32.14) and set an “overweight” rating on the stock in a report on Tuesday, April 17th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,725 ($36.96) target price on shares of Royal Dutch Shell in a report on Tuesday, March 6th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 2,800 ($37.98) target price on shares of Royal Dutch Shell in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 2,689.50 ($36.48).
Shares of Royal Dutch Shell opened at GBX 2,696.50 ($36.58) on Tuesday, according to MarketBeat.com. Royal Dutch Shell has a twelve month low of GBX 1,982.50 ($26.89) and a twelve month high of GBX 2,579.50 ($34.99).
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.
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