Royal Dutch Shell (RDSB) PT Set at GBX 2,700 by Deutsche Bank
Royal Dutch Shell (LON:RDSB) has been given a GBX 2,700 ($36.62) price objective by investment analysts at Deutsche Bank in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 3.57% from the stock’s previous close.
RDSB has been the topic of a number of other reports. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,500 ($33.90) price target on shares of Royal Dutch Shell in a report on Wednesday, November 1st. HSBC set a GBX 2,700 ($36.62) price target on Royal Dutch Shell and gave the company a “neutral” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. set a GBX 2,850 ($38.65) price target on Royal Dutch Shell and gave the company a “buy” rating in a report on Friday, December 8th. Barclays reiterated an “overweight” rating and issued a GBX 3,000 ($40.68) price target on shares of Royal Dutch Shell in a report on Wednesday, January 3rd. Finally, Jefferies Group set a GBX 2,650 ($35.94) price target on Royal Dutch Shell and gave the company a “buy” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. Royal Dutch Shell has a consensus rating of “Buy” and a consensus target price of GBX 2,589.47 ($35.12).
Royal Dutch Shell (LON:RDSB) opened at GBX 2,607 ($35.35) on Friday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($27.62) and a fifty-two week high of GBX 2,607 ($35.35). The stock has a market capitalization of $244,250.00 and a price-to-earnings ratio of 2,391.74.
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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