AMSTERDAM: Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research note issued on Monday, StockTargetPrices.com reports. They presently have a GBX 2,850 ($44.52) target price on the stock. Barclays’ price objective would suggest a potential upside of 53.18% from the company’s previous close.
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 1860.50 on Monday. Royal Dutch Shell Plc has a 12-month low of GBX 1,745.82 and a 12-month high of GBX 2,580.54. The stock’s market capitalization is GBX 117.25 billion. The stock has a 50 day moving average price of GBX 1,841.99 and a 200 day moving average price of GBX 2,046.44.
Several other analysts also recently weighed in on RDSB. Deutsche Bank reaffirmed a “buy” rating and set a GBX 2,425 ($37.88) price target on shares of Royal Dutch Shell Plc in a research report on Friday. Beaufort Securities reissued a “buy” rating on shares of Royal Dutch Shell Plc in a report on Friday.
HSBC restated a “hold” rating and issued a GBX 2,050 ($32.02) price target on shares of Royal Dutch Shell Plc in a research note on Friday. Liberum Capital reiterated a “hold” rating and set a GBX 2,120 ($33.11) price objective on shares of Royal Dutch Shell Plc in a research note on Thursday. Finally, Raymond James restated an “outperform” rating and issued a GBX 2,106.33 ($32.90) price target on shares of Royal Dutch Shell Plc in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. Royal Dutch Shell Plc presently has a consensus rating of “Buy” and a consensus price target of GBX 2,182.30 ($34.09).
In other Royal Dutch Shell Plc news, insider Simon Henry sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 2,117 ($33.07), for a total value of £423,400 ($661,355.83).
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company. The Firm is engaged in the principal aspects of the gas and oil industry in more than 70 countries. The Organization operates in three segments: Upstream, Downstream and Corporate. In Upstream, the Business focuses on developing new projects as well as on exploration for natural gas reserves and brand new liquids. In Downstream, the Business targets turning crude oil into a variety of refined products, which promoted and are transferred around the entire world for industrial domestic and transport use.
The Business ‘s Upstream Americas company manages the Upstream actions in South and North America of Shell. It also extracts bitumen from oil sands which is converted into synthetic crude oil. The Upstream International business of the Company’s manages the Upstream tasks outside the Americas of Shell. The Downstream company of the Company’s manages the refining and marketing activities of Shell for petroleum products and chemicals.
