Royal Dutch Shell (LON:RDSB) had its price target increased by equities researchers at Jefferies Group from GBX 2,650 ($35.94) to GBX 2,720 ($36.89) in a report released on Wednesday, December 20th. The firm presently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 4.33% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Barclays reiterated an “overweight” rating and set a GBX 3,000 ($40.68) price target on shares of Royal Dutch Shell in a research note on Tuesday, December 5th. Goldman Sachs Group set a GBX 2,520 ($34.17) price target on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Monday, September 11th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 2,650 ($35.94) price objective on shares of Royal Dutch Shell in a research report on Thursday, November 9th. Canaccord Genuity raised their price objective on shares of Royal Dutch Shell from GBX 1,900 ($25.77) to GBX 2,000 ($27.12) and gave the company a “sell” rating in a research report on Wednesday, October 11th. Finally, Deutsche Bank set a GBX 2,450 ($33.22) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, September 4th. Two equities 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 company. The company presently has an average rating of “Buy” and an average price target of GBX 2,589.47 ($35.12).
Shares of Royal Dutch Shell (RDSB) traded up GBX 12.50 ($0.17) on Wednesday, hitting GBX 2,607 ($35.35). 4,428,620 shares of the company traded hands, compared to its average volume of 4,020,000. Royal Dutch Shell has a 12 month low of GBX 2,037 ($27.62) and a 12 month high of GBX 2,607 ($35.35). The company has a market capitalization of $244,250.00 and a P/E ratio of 2,391.74.
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Royal Dutch Shell Company Profile
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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