Royal Dutch Shell (LON:RDSB) had its price objective upped by analysts at Royal Bank of Canada from GBX 2,900 ($37.89) to GBX 3,200 ($41.81) in a report released on Thursday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 24.56% from the stock’s previous close.
Several other research firms have also weighed in on RDSB. HSBC restated a “hold” rating on shares of Royal Dutch Shell in a research report on Friday, July 20th. Societe Generale increased their price target on shares of Royal Dutch Shell from GBX 2,750 ($35.93) to GBX 2,900 ($37.89) and gave the company a “hold” rating in a research report on Thursday, June 28th. Barclays restated an “overweight” rating and set a GBX 3,250 ($42.47) price target on shares of Royal Dutch Shell in a research report on Friday, June 29th. UBS Group set a GBX 2,950 ($38.55) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Finally, Goldman Sachs Group set a GBX 3,500 ($45.73) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Royal Dutch Shell has an average rating of “Buy” and a consensus target price of GBX 2,920.83 ($38.17).
LON RDSB opened at GBX 2,569 ($33.57) on Thursday. Royal Dutch Shell has a 1 year low of GBX 2,037 ($26.62) and a 1 year high of GBX 2,617 ($34.20).
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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