Trading Report: The Royal Dutch Shell Plc (RDSA) PT Raised to GBX 2,960

The Royal Dutch Shell Plc (RDSA) PT Raised to GBX 2,960

Royal Dutch Shell Plc (LON:RDSA) had its target price boosted by analysts at Barclays PLC from GBX 2,600 ($32.18) to GBX 2,960 ($36.63) in a research note issued to investors on Monday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price objective would suggest a potential upside of 40.78% from the company’s current price.

A number of other brokerages also recently commented on RDSA. Canaccord Genuity lowered their price objective on Royal Dutch Shell Plc from GBX 1,930 ($23.89) to GBX 1,830 ($22.65) and set a “hold” rating for the company in a research report on Friday, July 29th. HSBC reaffirmed a “buy” rating and issued a GBX 2,000 ($24.75) price target on shares of Royal Dutch Shell Plc in a report on Monday, June 20th. JPMorgan Chase & Co. upped their price target on Royal Dutch Shell Plc from GBX 1,630 ($20.17) to GBX 1,952 ($24.16) and gave the company a “neutral” rating in a report on Thursday, July 21st. Macquarie lowered their price target on Royal Dutch Shell Plc from GBX 2,300 ($28.47) to GBX 2,200 ($27.23) and set an “outperform” rating for the company in a report on Monday, August 1st. Finally, Liberum Capital upped their price target on Royal Dutch Shell Plc from GBX 1,910 ($23.64) to GBX 2,071 ($25.63) and gave the company a “buy” rating in a report on Wednesday, June 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 2,067.24 ($25.58).

Royal Dutch Shell Plc (LON:RDSA) opened at 2093.10 on Monday. Royal Dutch Shell Plc has a 12-month low of GBX 1,256.00 and a 12-month high of GBX 2,140.00. The stock’s 50 day moving average is GBX 1,895.65 and its 200 day moving average is GBX 1,851.91.

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