Royal Dutch Shell (LON:RDSB) Rating Reconfirmed
In an analyst report revealed on today, Deutsche Bank reaffirmed their “Buy” rating on Royal Dutch Shell (LON:RDSB)’s stock. The target price means a potential upside of 13.29 % from firm’s current price.
According to data compiled by Thomson Reuters, Royal Dutch Shell (LON:RDSB)’s stock is covered by 23 equity analysts across the Street, with 2 analysts giving it a Sell rating, 22 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is GBX 2793, which reflects an upside potential of 55.47% over the current price.
LON:RDSB Price Chart & Trend
The stock price of Royal Dutch Shell has risen 11.3% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, Royal Dutch Shell is up 4.81% and up 31.18%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Royal Dutch Shell (LON:RDSB) Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
Royal Dutch Shell (LON:RDSB) traded down -0.12% on 10 June, hitting GBX 1794.26. A total of shares of the company’s stock traded hands. This is down from average of 6.59M shares. Royal Dutch Shell has a 52 week low of GBX 1261.03 and a 52 week high of GBX 1943.38. The company has a market cap of 197.55B GBX and a P/E ratio of 0.
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The post Deutsche Bank Reconfirmed Royal Dutch Shell (LON:RDSB) As “Buy”; Has Price Target Of GBX 2035.00 appeared first on Octafinance.