Royal Dutch Shell’s (RDSB) “Overweight” Rating Reiterated at Barclays

Royal Dutch Shell (LON:RDSB)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued on Wednesday. They presently have a GBX 3,000 ($40.18) price target on the stock. Barclays’ target price suggests a potential downside of 98.75% from the stock’s previous close.

A number of other research firms also recently commented on RDSB. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,650 ($35.49) price objective on shares of Royal Dutch Shell in a research note on Thursday, November 9th. increased their price objective on shares of Royal Dutch Shell from GBX 2,550 ($34.15) to GBX 2,650 ($35.49) and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Morgan Stanley set a GBX 2,930 ($39.24) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Deutsche Bank increased their price objective on shares of Royal Dutch Shell from GBX 2,450 ($32.81) to GBX 2,675 ($35.82) and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Credit Suisse Group set a GBX 2,635 ($35.29) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Royal Dutch Shell currently has an average rating of “Buy” and an average target price of GBX 2,567.11 ($34.38).

Royal Dutch Shell (LON:RDSB) opened at £2,394 ($3,206.11) on Wednesday. Royal Dutch Shell has a one year low of GBX 2,037 ($27.28) and a one year high of GBX 2,580.53 ($34.56).

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Royal Dutch Shell Company Profile

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

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