Royal Dutch Shell (RDSA) Earns “Outperform” Rating from BNP Paribas
Royal Dutch Shell (LON:RDSA)‘s stock had its “outperform” rating reiterated by research analysts at BNP Paribas in a research note issued on Monday. They presently have a GBX 2,800 ($38.68) price target on the stock. BNP Paribas’ price target points to a potential upside of 22.57% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. Citigroup reaffirmed a “sell” rating and issued a GBX 2,050 ($28.32) price target on shares of Royal Dutch Shell in a report on Wednesday, November 29th. Barclays reaffirmed an “overweight” rating and issued a GBX 2,850 ($39.38) price target on shares of Royal Dutch Shell in a report on Friday, November 24th. Morgan Stanley raised their target price on shares of Royal Dutch Shell from GBX 2,930 ($40.48) to GBX 3,040 ($42.00) and gave the stock a “top pick” rating in a report on Monday, January 8th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,650 ($36.61) target price on shares of Royal Dutch Shell in a report on Thursday, November 9th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 2,720 ($37.58) target price (up previously from GBX 2,650 ($36.61)) on shares of Royal Dutch Shell in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 2,623.08 ($36.24).
Royal Dutch Shell (LON:RDSA) opened at GBX 2,284.50 ($31.56) on Monday. The stock has a market cap of $203,220.00 and a price-to-earnings ratio of 1,142.25. Royal Dutch Shell has a fifty-two week low of GBX 1,982.50 ($27.39) and a fifty-two week high of GBX 2,579.50 ($35.64).
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