Royal Dutch Shell (RDSB) Rating Reiterated by Barclays
Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reiterated by Barclays in a report issued on Wednesday. They currently have a GBX 3,000 ($40.11) price objective on the stock. Barclays’ price objective would indicate a potential upside of 17.12% from the company’s current price.
RDSB has been the topic of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,500 ($33.43) price objective on shares of Royal Dutch Shell in a report on Wednesday, November 1st. HSBC set a GBX 2,700 ($36.10) price objective 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 ($38.11) price objective on Royal Dutch Shell and gave the company a “buy” rating in a report on Friday, December 8th. Deutsche Bank increased their price objective on Royal Dutch Shell from GBX 2,675 ($35.77) to GBX 2,700 ($36.10) and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Jefferies Group set a GBX 2,650 ($35.43) price objective on Royal Dutch Shell and gave the company a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 2,589.47 ($34.62).
Royal Dutch Shell (LON RDSB) opened at GBX 2,561.50 ($34.25) on Wednesday. Royal Dutch Shell has a 1-year low of GBX 2,037 ($27.24) and a 1-year high of GBX 2,580.53 ($34.50). The company has a market capitalization of $238,080.00 and a PE ratio of 2,393.93.
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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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