Latest Stocks: Royal Bank of Canada Reiterates “Outperform” Rating for Royal Dutch Shell Plc (RDSB)

Latest Stocks: Royal Bank of Canada Reiterates “Outperform” Rating for Royal Dutch Shell Plc (RDSB)

Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada in a research note issued on Friday. They currently have a GBX 2,600 ($33.60) target price on the stock. Royal Bank of Canada’s target price points to a potential upside of 21.50% from the stock’s previous close.

Several other analysts have also weighed in on RDSB. Macquarie cut their price objective on Royal Dutch Shell Plc from GBX 2,450 ($31.66) to GBX 2,400 ($31.01) and set an “outperform” rating for the company in a report on Friday, February 3rd. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,700 ($34.89) price objective on shares of Royal Dutch Shell Plc in a report on Friday, February 3rd. Credit Suisse Group AG set a GBX 2,450 ($31.66) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a report on Tuesday, March 14th. Canaccord Genuity upped their price objective on Royal Dutch Shell Plc from GBX 2,000 ($25.84) to GBX 2,050 ($26.49) and gave the company a “sell” rating in a report on Monday, February 6th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 2,500 ($32.30) price objective on shares of Royal Dutch Shell Plc in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,459.72 ($31.78).

Shares of Royal Dutch Shell Plc (LON RDSB) opened at 2142.50 on Friday. The stock’s market capitalization is GBX 174.72 billion. The stock has a 50 day moving average price of GBX 2,136.11 and a 200 day moving average price of GBX 2,212.24. Royal Dutch Shell Plc has a 12 month low of GBX 1,694.00 and a 12 month high of GBX 2,403.68.

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