Barclays PLC Reaffirms “Overweight” Rating for Royal Dutch Shell Plc (RDSA)

Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating restated by equities researchers at Barclays PLC in a research report issued to clients and investors on Monday, August 7th. They presently have a GBX 2,750 ($35.70) price objective on the stock. Barclays PLC’s price target points to a potential upside of 30.05% from the company’s current price.

RDSA has been the subject of a number of other reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 2,600 ($33.75) price target on shares of Royal Dutch Shell Plc in a research report on Wednesday, June 14th. Citigroup Inc. lowered Royal Dutch Shell Plc to a “sell” rating in a report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and set a GBX 2,600 ($33.75) price objective on shares of Royal Dutch Shell Plc in a report on Thursday, July 13th. Credit Suisse Group increased their price objective on Royal Dutch Shell Plc from GBX 2,450 ($31.81) to GBX 2,500 ($32.45) and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Macquarie lowered Royal Dutch Shell Plc to a “neutral” rating and cut their price target for the stock from GBX 2,400 ($31.16) to GBX 2,150 ($27.91) in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Royal Dutch Shell Plc currently has an average rating of “Buy” and an average target price of GBX 2,407.14 ($31.25).

Shares of Royal Dutch Shell Plc (RDSA) opened at 2114.50 on Monday. Royal Dutch Shell Plc has a 1-year low of GBX 1,791.00 and a 1-year high of GBX 2,295.50. The firm’s 50 day moving average is GBX 2,102.27 and its 200 day moving average is GBX 2,103.32.

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