Jefferies Group Increases Royal Dutch Shell (RDSB) Price Target to GBX 2,720

Royal Dutch Shell (LON:RDSB) had its target price upped by research analysts at Jefferies Group from GBX 2,650 ($35.67) to GBX 2,720 ($36.61) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 10.05% from the stock’s current price.

A number of other research analysts have also recently commented on RDSB. Barclays reaffirmed an “overweight” rating and set a GBX 2,750 ($37.01) target price on shares of Royal Dutch Shell in a research note on Tuesday, August 22nd. J P Morgan Chase & Co set a GBX 2,400 ($32.30) target price on Royal Dutch Shell and gave the company a “buy” rating in a research note on Thursday, August 31st. Deutsche Bank set a GBX 2,450 ($32.97) target price on Royal Dutch Shell and gave the company a “buy” rating in a research note on Monday, September 4th. BNP Paribas set a GBX 2,400 ($32.30) target price on Royal Dutch Shell and gave the company a “buy” rating in a research note on Tuesday, September 5th. Finally, Goldman Sachs Group set a GBX 2,520 ($33.92) target price on Royal Dutch Shell and gave the company a “buy” rating in a research note on Monday, September 11th. Two 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. The stock has a consensus rating of “Buy” and a consensus target price of GBX 2,582.11 ($34.75).

Royal Dutch Shell (RDSB) opened at GBX 2,471.50 ($33.26) on Wednesday. Royal Dutch Shell has a 52 week low of GBX 2,037 ($27.42) and a 52 week high of GBX 2,580.53 ($34.73).

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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.

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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