Royal Dutch Shell (RDSB) Given Buy Rating at Goldman Sachs Group

Royal Dutch Shell (LON:RDSB)‘s stock had its “buy” rating reissued by Goldman Sachs Group in a research note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 3,280 ($42.86) price objective on the stock, up from their previous price objective of GBX 3,130 ($40.90). Goldman Sachs Group’s price target points to a potential upside of 31.81% from the stock’s current price.

Other equities research analysts have also issued reports about the company. UBS Group set a GBX 2,950 ($38.55) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Monday, September 3rd. Royal Bank of Canada set a GBX 3,200 ($41.81) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Monday, October 8th. Berenberg Bank initiated coverage on Royal Dutch Shell in a research report on Tuesday, September 11th. They set a “hold” rating and a GBX 2,800 ($36.59) price target on the stock. Finally, HSBC increased their price target on Royal Dutch Shell from GBX 2,890 ($37.76) to GBX 2,920 ($38.15) and gave the stock a “hold” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 2,962.06 ($38.70).

LON RDSB traded up GBX 33 ($0.43) during trading hours on Thursday, reaching GBX 2,488.50 ($32.52). 2,008,049 shares of the company’s stock were exchanged, compared to its average volume of 5,080,000. Royal Dutch Shell has a one year low of GBX 2,037 ($26.62) and a one year high of GBX 2,617 ($34.20).

About Royal Dutch Shell

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

Further Reading: Float

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply