Royal Dutch Shell Plc (RDSB) Given Buy Rating at Goldman Sachs Group, Inc. (The)

Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reissued by stock analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Monday, July 31st. They presently have a GBX 2,520 ($32.82) price objective on the stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 15.44% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,600 ($33.86) price target on shares of Royal Dutch Shell Plc in a research report on Wednesday, June 14th. Canaccord Genuity reissued a “sell” rating and set a GBX 1,900 ($24.74) price target on shares of Royal Dutch Shell Plc in a research report on Monday, May 8th. Barclays PLC reissued an “overweight” rating and set a GBX 2,750 ($35.81) price target on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. Deutsche Bank AG reissued a “buy” rating on shares of Royal Dutch Shell Plc in a research report on Tuesday, April 4th. Finally, HSBC Holdings plc reissued a “buy” rating and set a GBX 2,700 ($35.16) price target on shares of Royal Dutch Shell Plc in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,411.32 ($31.40).

Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2183.00 on Monday. The stock’s 50 day moving average is GBX 2,119.12 and its 200-day moving average is GBX 2,167.48. Royal Dutch Shell Plc has a one year low of GBX 1,869.25 and a one year high of GBX 2,403.68. The company’s market cap is GBX 179.29 billion.

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About Royal Dutch Shell Plc

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.

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