Royal Dutch Shell (RDSA) Price Target Raised to GBX 3,040 at Morgan Stanley
Royal Dutch Shell (LON:RDSA) had its price target hoisted by investment analysts at Morgan Stanley from GBX 2,930 ($39.73) to GBX 3,040 ($41.23) in a note issued to investors on Monday. The firm currently has a “top pick” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 20.37% from the stock’s current price.
A number of other equities analysts have also recently issued reports on RDSA. Barclays restated an “overweight” rating and set a GBX 2,750 ($37.29) target price on shares of Royal Dutch Shell in a report on Tuesday, September 19th. Jefferies Group restated a “buy” rating and set a GBX 2,470 ($33.50) target price on shares of Royal Dutch Shell in a report on Wednesday, September 27th. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,500 ($33.90) target price on shares of Royal Dutch Shell in a report on Thursday, October 12th. restated a “buy” rating and set a GBX 2,500 ($33.90) target price on shares of Royal Dutch Shell in a report on Monday, October 16th. Finally, JPMorgan Chase & Co. raised their target price on Royal Dutch Shell from GBX 2,400 ($32.55) to GBX 2,650 ($35.94) and gave the stock an “overweight” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 2,610 ($35.39).
Shares of Royal Dutch Shell (LON:RDSA) traded down GBX 7.50 ($0.10) on Monday, reaching GBX 2,525.50 ($34.25). The company’s stock had a trading volume of 3,188,072 shares, compared to its average volume of 4,950,000. Royal Dutch Shell has a 12-month low of GBX 1,982.50 ($26.89) and a 12-month high of GBX 2,541.50 ($34.47). The company has a market capitalization of $202,910.00 and a PE ratio of 1,262.75.
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