Royal Dutch Shell Plc (RDSB) Given a GBX 2,560 Price Target by Morgan Stanley Analysts
Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,560 ($34.43) price target by analysts at Morgan Stanley in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 11.57% from the stock’s current price.
Several other brokerages also recently commented on RDSB. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 2,600 ($34.97) target price on shares of Royal Dutch Shell Plc in a research note on Wednesday, June 14th. Macquarie downgraded Royal Dutch Shell Plc to a “neutral” rating and decreased their price objective for the company from GBX 2,400 ($32.28) to GBX 2,150 ($28.91) in a report on Wednesday, June 21st. Deutsche Bank AG set a GBX 2,450 ($32.95) target price on Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Monday, September 4th. Canaccord Genuity reiterated a “sell” rating and issued a GBX 1,900 ($25.55) target price on shares of Royal Dutch Shell Plc in a report on Friday, July 21st. Finally, BNP Paribas set a GBX 2,400 ($32.28) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,412.89 ($32.45).
Royal Dutch Shell Plc (LON RDSB) traded up 0.57% during midday trading on Monday, reaching GBX 2307.50. The company’s stock had a trading volume of 1,924,379 shares. Royal Dutch Shell Plc has a 52-week low of GBX 1,978.50 and a 52-week high of GBX 2,403.68. The firm has a 50 day moving average of GBX 2,176.04 and a 200 day moving average of GBX 2,153.87. The firm’s market cap is GBX 189.51 billion.
Royal Dutch Shell Plc 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.
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