Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reissued by stock analysts at Morgan Stanley in a research report issued on Tuesday. They presently have a GBX 2,411 ($34.52) target price on the stock. Morgan Stanley’s price objective suggests a potential downside of 0.33% from the company’s current price.
RDSB has been the subject of several other reports. Jefferies Group raised their target price on Royal Dutch Shell from GBX 2,650 ($37.94) to GBX 2,720 ($38.95) and gave the stock a “buy” rating in a research report on Wednesday, December 20th. UBS set a GBX 2,675 ($38.30) target price on Royal Dutch Shell and gave the company a “buy” rating in a research note on Wednesday, December 20th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 2,800 ($40.09) target price on shares of Royal Dutch Shell in a research note on Tuesday, January 2nd. Barclays reaffirmed an “overweight” rating and issued a GBX 3,000 ($42.96) price target on shares of Royal Dutch Shell in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group set a GBX 2,725 ($39.02) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,601.37 ($37.25).
LON RDSB opened at GBX 2,419 ($34.64) on Tuesday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($29.17) and a fifty-two week high of GBX 2,617 ($37.47).
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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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