Barclays reiterated their overweight rating on shares of Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Friday, November 10th. Barclays currently has a GBX 2,850 ($38.17) price objective on the stock.
Several other equities research analysts also recently commented on the company. Credit Suisse Group set a GBX 2,635 ($35.29) target price on Royal Dutch Shell and gave the company a buy rating in a report on Thursday, November 9th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 2,650 ($35.49) target price on shares of Royal Dutch Shell in a report on Thursday, November 9th. Morgan Stanley set a GBX 2,930 ($39.24) target price on Royal Dutch Shell and gave the company a buy rating in a report on Tuesday, November 7th. lifted their price objective on Royal Dutch Shell from GBX 2,550 ($34.15) to GBX 2,650 ($35.49) and gave the stock a buy rating in a report on Tuesday, November 7th. Finally, Deutsche Bank lifted their price objective on Royal Dutch Shell from GBX 2,450 ($32.81) to GBX 2,675 ($35.82) and gave the stock a buy rating in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 2,561.84 ($34.31).
Shares of Royal Dutch Shell (RDSB) traded down GBX 33.50 ($0.45) during trading hours on Friday, hitting GBX 2,415 ($32.34). The company had a trading volume of 5,986,417 shares, compared to its average volume of 4,860,000. Royal Dutch Shell has a 1-year low of GBX 2,012 ($26.95) and a 1-year high of GBX 2,580.53 ($34.56).
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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