BNP Paribas restated their outperform rating on shares of Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Thursday morning. The brokerage currently has a GBX 3,450 ($44.94) target price on the stock.
A number of other research analysts have also recently commented on RDSB. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 3,000 ($39.08) target price on shares of Royal Dutch Shell in a report on Tuesday, June 26th. Societe Generale increased their target price on shares of Royal Dutch Shell from GBX 2,750 ($35.82) to GBX 2,900 ($37.78) and gave the stock a hold rating in a report on Thursday, June 28th. Barclays reissued an overweight rating and issued a GBX 3,250 ($42.33) target price on shares of Royal Dutch Shell in a report on Friday, June 29th. HSBC raised their price objective on shares of Royal Dutch Shell from GBX 2,820 ($36.73) to GBX 2,890 ($37.64) and gave the company a hold rating in a report on Friday, July 13th. Finally, Royal Bank of Canada raised their price objective on shares of Royal Dutch Shell from GBX 2,800 ($36.47) to GBX 2,900 ($37.78) and gave the company an outperform rating in a report on Monday, August 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Royal Dutch Shell currently has a consensus rating of Buy and an average target price of GBX 2,833.16 ($36.90).
RDSB stock opened at GBX 2,635 ($34.32) on Thursday. Royal Dutch Shell has a 12 month low of GBX 2,037 ($26.53) and a 12 month high of GBX 2,617 ($34.09).
Royal Dutch Shell Company Profile
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.
Read More: Do Tariffs Work?
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.