Royal Dutch Shell (LON:RDSB) had its target price boosted by stock analysts at Berenberg Bank from GBX 2,800 ($36.59) to GBX 2,950 ($38.55) in a report released on Friday, Marketbeat reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price points to a potential upside of 20.14% from the stock’s current price.
Several other brokerages have also commented on RDSB. HSBC reiterated a “hold” rating on shares of Royal Dutch Shell in a research note on Friday, July 20th. UBS Group set a GBX 2,950 ($38.55) price target on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Goldman Sachs Group set a GBX 3,500 ($45.73) price target on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Monday, October 1st. BNP Paribas reiterated an “outperform” rating and set a GBX 3,450 ($45.08) price target on shares of Royal Dutch Shell in a research note on Thursday, October 4th. Finally, Barclays reiterated an “overweight” rating and set a GBX 3,300 ($43.12) price target on shares of Royal Dutch Shell in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,962.06 ($38.70).
Shares of LON:RDSB opened at GBX 2,455.50 ($32.09) on Friday. Royal Dutch Shell has a 12 month low of GBX 2,037 ($26.62) and a 12 month high of GBX 2,617 ($34.20).
Royal Dutch Shell Company Profile
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.
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