Royal Dutch Shell Plc (RDSB) Price Target Raised to GBX 2,650
Royal Dutch Shell Plc (LON:RDSB) had its price objective hoisted by J P Morgan Chase & Co from GBX 2,400 ($31.89) to GBX 2,650 ($35.21) in a report issued on Thursday. J P Morgan Chase & Co currently has an overweight rating on the stock.
Other equities analysts also recently issued research reports about the company. HSBC Holdings plc reaffirmed a buy rating and set a GBX 2,500 ($33.22) price target on shares of Royal Dutch Shell Plc in a research report on Wednesday, July 19th. Morgan Stanley set a GBX 2,560 ($34.02) price target on Royal Dutch Shell Plc and gave the stock a buy rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) upped their price target on Royal Dutch Shell Plc from GBX 2,440 ($32.42) to GBX 2,490 ($33.09) and gave the stock a buy rating in a research report on Thursday, July 13th. UBS AG set a GBX 2,550 ($33.88) price target on Royal Dutch Shell Plc and gave the stock a buy rating in a research report on Monday, July 10th. Finally, Deutsche Bank AG reduced their price target on Royal Dutch Shell Plc from GBX 2,500 ($33.22) to GBX 2,400 ($31.89) and set a buy rating for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company. Royal Dutch Shell Plc currently has an average rating of Buy and a consensus price target of GBX 2,448.68 ($32.54).
Royal Dutch Shell Plc (LON:RDSB) traded up 0.32% during mid-day trading on Thursday, hitting GBX 2353.50. 4,660,748 shares of the company traded hands. Royal Dutch Shell Plc has a one year low of GBX 2,006.00 and a one year high of GBX 2,403.68. The company’s 50-day moving average price is GBX 2,254.51 and its 200 day moving average price is GBX 2,169.94. The company’s market capitalization is GBX 193.29 billion.
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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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