Royal Dutch Shell (RDSA) Receives “Equal weight” Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Royal Dutch Shell (LON:RDSA) in a research report report published on Thursday morning.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a GBX 3,000 ($39.20) target price on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Tuesday, June 26th. UBS Group set a GBX 3,000 ($39.20) price target on Royal Dutch Shell and gave the stock a buy rating in a research note on Thursday, July 26th. Barclays set a GBX 3,300 ($43.12) price target on Royal Dutch Shell and gave the stock a buy rating in a research note on Friday, July 27th. Goldman Sachs Group set a GBX 3,130 ($40.90) price target on Royal Dutch Shell and gave the stock a buy rating in a research note on Friday, August 3rd. Finally, HSBC dropped their price target on Royal Dutch Shell from GBX 2,880 ($37.63) to GBX 2,850 ($37.24) and set a hold rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of GBX 2,903.24 ($37.94).

Shares of Royal Dutch Shell stock traded up GBX 39.50 ($0.52) on Thursday, hitting GBX 2,521 ($32.94). The stock had a trading volume of 4,702,817 shares, compared to its average volume of 6,420,000. Royal Dutch Shell has a one year low of GBX 1,982.50 ($25.90) and a one year high of GBX 2,579.50 ($33.71).

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.

See Also: How to Invest in the Dividend Aristocrat Index

Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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