Royal Dutch Shell (LON:RDSB) has been assigned a GBX 2,800 ($40.09) price objective by stock analysts at Deutsche Bank in a research note issued on Wednesday, April 11th. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 9.89% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on RDSB. Credit Suisse Group lifted their target price on shares of Royal Dutch Shell from GBX 2,725 ($39.02) to GBX 2,750 ($39.38) and gave the stock an “outperform” rating in a research report on Friday, April 6th. Barclays reissued an “overweight” rating and set a GBX 3,000 ($42.96) target price on shares of Royal Dutch Shell in a report on Tuesday, April 3rd. JPMorgan Chase set a GBX 2,950 ($42.24) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Monday, March 5th. UBS set a GBX 2,675 ($38.30) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Thursday, March 22nd. Finally, Societe Generale set a GBX 2,750 ($39.38) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, March 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of GBX 2,601.37 ($37.25).
Shares of RDSB opened at GBX 2,548 ($36.48) on Wednesday. Royal Dutch Shell has a 12-month low of GBX 2,037 ($29.17) and a 12-month high of GBX 2,617 ($37.47).
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.
Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.