Barclays Reiterates “Overweight” Rating for Royal Dutch Shell Plc (RDSB)

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Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “overweight” rating restated by Barclays in a research note issued on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 2,660 ($44.24) price target on the stock. Barclays’ target price points to a potential upside of 12.07% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Royal Dutch Shell Plc in a research note on Friday. They now have a GBX 2,200 ($36.59) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Royal Dutch Shell Plc in a research note on Friday. They now have a GBX 2,500 ($41.58) price target on the stock. Finally, analysts at HSBC downgraded shares of Royal Dutch Shell Plc to a “neutral” rating in a research note on Monday, February 3rd. They now have a GBX 2,350 ($39.08) price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,255.35 ($37.51).

Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2371.00 on Tuesday. Royal Dutch Shell Plc has a 52-week low of GBX 2069.50 and a 52-week high of GBX 2380.00. The stock’s 50-day moving average is GBX 2275. and its 200-day moving average is GBX 2197.08. The company’s market cap is £149.3 billion.

Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.

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