Citigroup reaffirmed their sell rating on shares of Royal Dutch Shell (LON:RDSB) in a research note issued to investors on Wednesday. The firm currently has a GBX 2,050 ($27.45) target price on the stock.
Other equities analysts also recently issued reports about the company. UBS set a GBX 2,550 ($34.15) target price on Royal Dutch Shell and gave the stock a buy rating in a research report on Tuesday, August 15th. Royal Bank Of Canada restated an outperform rating and issued a GBX 2,500 ($33.48) price objective on shares of Royal Dutch Shell in a report on Monday, October 23rd. Macquarie restated a neutral rating and issued a GBX 2,150 ($28.79) price objective on shares of Royal Dutch Shell in a report on Thursday, October 26th. Societe Generale restated a buy rating and issued a GBX 2,660 ($35.62) price objective on shares of Royal Dutch Shell in a report on Wednesday. Finally, J P Morgan Chase & Co set a GBX 2,400 ($32.14) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus 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 12-month low of GBX 2,037 ($27.28) and a 12-month high of GBX 2,580.53 ($34.56).
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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