RDS-A (RDS-A) Given Average Recommendation of “Buy” by Brokerages
Shares of RDS-A (OTCMKTS:RDS-A) have been given an average recommendation of “Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $84.00.
RDS-A has been the subject of a number of recent research reports. Raymond James raised RDS-A from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 19th. Morgan Stanley lowered RDS-A from an “overweight” rating to an “equal” rating in a research note on Thursday, August 2nd. Berenberg Bank initiated coverage on RDS-A in a research note on Tuesday, September 11th. They issued a “hold” rating for the company. Finally, Wolfe Research initiated coverage on RDS-A in a research note on Friday, September 28th. They issued an “outperform” rating and a $88.00 target price for the company.
RDS-A stock traded up $0.83 during mid-day trading on Tuesday, hitting $65.53. 3,245,195 shares of the stock were exchanged.
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.
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