Royal Dutch Shell (LON:RDSB) Price Target Raised to GBX 3,130 at Goldman Sachs Group

Royal Dutch Shell (LON:RDSB) had its price target raised by research analysts at Goldman Sachs Group from GBX 2,980 ($38.82) to GBX 3,130 ($40.77) in a report released on Friday, September 14th. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 18.79% from the company’s current price.

Several other analysts have also weighed in on RDSB. Barclays set a GBX 3,050 ($39.73) target price on Royal Dutch Shell and gave the company a “buy” rating in a report on Thursday, May 17th. HSBC upped their target price on Royal Dutch Shell from GBX 2,700 ($35.17) to GBX 2,820 ($36.73) and gave the company a “hold” rating in a report on Monday, June 4th. Sanford C. Bernstein set a GBX 3,300 ($42.99) target price on Royal Dutch Shell and gave the company a “buy” rating in a report on Monday, June 4th. Societe Generale set a GBX 2,900 ($37.78) price objective on Royal Dutch Shell and gave the company a “neutral” rating in a research report on Tuesday, June 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 3,000 ($39.08) price objective on shares of Royal Dutch Shell in a research report on Tuesday, June 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,833.16 ($36.90).

RDSB stock traded down GBX 59 ($0.77) on Friday, reaching GBX 2,635 ($34.32). 5,517,749 shares of the company’s stock were exchanged, compared to its average volume of 5,080,000. Royal Dutch Shell has a twelve month low of GBX 2,037 ($26.53) and a twelve 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.

Further Reading: Asset Allocation

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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