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

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Barclays reissued their overweight rating on shares of Royal Dutch Shell Plc (LON:RDSB) in a research note released on Monday morning, Analyst Ratings Network reports. They currently have a GBX 2,660 ($44.50) target price on the stock.

Barclays has also updated their ratings on a number of other stocks in the last week. The firm raised its price target on shares of Shaw Communications Inc from C$26.00 to C$28.00. They have an equal weight rating on that stock. Also, Barclays lowered its price target on shares of Goldcorp Inc. from $33.00 to $32.00. They have an overweight rating on that stock. Finally, Barclays reiterated its overweight rating on shares of Magellan Midstream. They have a $80.00 price target on that stock, up previously from $75.00.

Royal Dutch Shell Plc (LON:RDSB) opened at 2380.00 on Monday. Royal Dutch Shell Plc has a 1-year low of GBX 2069.50 and a 1-year high of GBX 2384.50. The stock’s 50-day moving average is GBX 2326.88 and its 200-day moving average is GBX 2230.17. The company’s market cap is £149.8 billion.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Royal Dutch Shell Plc from GBX 2,270 ($37.98) to GBX 2,325 ($38.90) in a research note on Friday, April 4th. They now have a neutral rating on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Royal Dutch Shell Plc in a research note on Thursday, April 3rd. They set a market perform rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated a market perform rating on shares of Royal Dutch Shell Plc in a research note on Tuesday, April 1st. They now have a GBX 2,200 ($36.81) price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 2,263.68 ($37.87).

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

To view Barclays’ full report, visit Barclays’ official website.

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