Royal Dutch Shell Plc’s (RDSA) “Buy” Rating Reiterated at Jefferies Group
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a research report issued on Wednesday. They presently have a GBX 2,400 ($31.97) price objective on the stock. Jefferies Group’s price target suggests a potential upside of 26.58% from the company’s previous close.
Royal Dutch Shell Plc (LON:RDSA) traded up 1.83% during midday trading on Wednesday, reaching GBX 1896.00. 5,557,191 shares of the company’s stock traded hands. The stock’s 50 day moving average price is GBX 1,932.82 and its 200-day moving average price is GBX 1,810.21. Royal Dutch Shell Plc has a one year low of GBX 1,256.00 and a one year high of GBX 2,127.40.
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Several other equities analysts have also commented on the company. Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($34.63) price objective on shares of Royal Dutch Shell Plc in a research report on Tuesday, August 16th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,070 ($27.57) price objective on shares of Royal Dutch Shell Plc in a research report on Monday, July 4th. Deutsche Bank AG reissued a “buy” rating on shares of Royal Dutch Shell Plc in a research report on Monday, July 25th. Canaccord Genuity reissued a “hold” rating and set a GBX 1,830 ($24.37) price objective on shares of Royal Dutch Shell Plc in a research report on Wednesday, August 31st. Finally, HSBC reaffirmed a “buy” rating and issued a GBX 2,000 ($26.64) price target on shares of Royal Dutch Shell Plc in a research report on Monday, June 27th. Four research analysts have rated the stock with 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 2,041.35 ($27.19).
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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