Royal Dutch Shell (RDSA) Price Target Raised to GBX 2,850

Royal Dutch Shell (LON:RDSA) had its target price raised by investment analysts at Credit Suisse Group from GBX 2,725 ($36.96) to GBX 2,850 ($38.66) in a research note issued to investors on Friday, May 4th. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 4.93% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Royal Dutch Shell from GBX 2,930 ($39.74) to GBX 3,040 ($41.24) and gave the stock a “top pick” rating in a research note on Monday, January 8th. Barclays reissued an “overweight” rating and set a GBX 3,000 ($40.69) price target on shares of Royal Dutch Shell in a research note on Friday, January 19th. JPMorgan Chase restated an “overweight” rating and issued a GBX 2,950 ($40.02) price objective on shares of Royal Dutch Shell in a report on Wednesday, February 14th. BNP Paribas restated an “outperform” rating and issued a GBX 2,800 ($37.98) price objective on shares of Royal Dutch Shell in a report on Monday, February 12th. Finally, Deutsche Bank restated a “buy” rating on shares of Royal Dutch Shell in a report on Friday, April 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 2,689.50 ($36.48).

Royal Dutch Shell traded up GBX 234.50 ($3.18), hitting GBX 2,716 ($36.84), during trading hours on Friday, Marketbeat.com reports. 6,816,713 shares of the stock were exchanged, compared to its average volume of 6,420,000. Royal Dutch Shell has a 12 month low of GBX 1,982.50 ($26.89) and a 12 month high of GBX 2,579.50 ($34.99).

About Royal Dutch Shell

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.

Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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