Royal Dutch Shell Plc (LON:RDSB) had its target price lifted by analysts at Goldman Sachs Group, Inc. (The) from GBX 2,440 ($31.77) to GBX 2,490 ($32.43) in a report released on Thursday, July 13th. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential upside of 10.77% from the company’s previous close.
RDSB has been the subject of several other research reports. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,600 ($33.86) price target on shares of Royal Dutch Shell Plc in a research report on Wednesday, June 14th. Barclays PLC reissued an “overweight” rating and issued a GBX 2,750 ($35.81) price target on shares of Royal Dutch Shell Plc in a report on Tuesday, July 4th. Morgan Stanley set a GBX 2,750 ($35.81) price objective on Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Monday, April 24th. Macquarie downgraded Royal Dutch Shell Plc to a “neutral” rating and cut their price objective for the stock from GBX 2,400 ($31.25) to GBX 2,150 ($28.00) in a report on Wednesday, June 21st. Finally, Societe Generale restated a “hold” rating and set a GBX 2,450 ($31.91) price objective on shares of Royal Dutch Shell Plc in a report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 2,411.32 ($31.40).
Shares of Royal Dutch Shell Plc (LON RDSB) opened at 2248.00 on Thursday. The stock has a 50 day moving average of GBX 2,112.19 and a 200 day moving average of GBX 2,168.47. Royal Dutch Shell Plc has a 1-year low of GBX 1,869.25 and a 1-year high of GBX 2,403.68. The firm’s market cap is GBX 184.63 billion.
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Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
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