Royal Dutch Shell (LON:RDSB) has been reiterated to Overweight in a statement by Morgan Stanley earlier today.
- Updated: October 16, 2016
Boasting a price of 2,157.75GBX, Royal Dutch Shell (LON:RDSB) traded -1.44% lower on the day. The last stock close price is up 13.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RDSB has recorded a 50-day average of 1,998.16GBX and a two hundred day average of 1,899.30GBX. Volume of trade was down over the average, with 1,349,617 shares of RDSB changing hands under the typical 6,108,710
Morgan Stanley has reiterated Royal Dutch Shell (LON:RDSB) to Overweight in a report released on 10/17/2016.
On Tuesday October 11, 2016, Exane BNP Paribas released a statement on Royal Dutch Shell (LON:RDSB) raised the target price from 0.00GBX to 2,250.00GBX. At the time, this indicated a possible upside of 0.01%.
Royal Dutch Shell has a 52 week low of 1,261.03GBX and a 52 week high of 2,251.50GBX The company’s market cap is currently 0 GBX.
In addition to Morgan Stanley reporting its target price, a total of 23 firms have issued a ratings update on Royal Dutch Shell. The average stock price target is 26.52GBX with nine analysts rating the company a strong buy, thirteen brokerages rating the company a buy, eight equity analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 firms rating the stock a sell.
Brief Synopsis On Royal Dutch Shell (LON:RDSB)
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. The Company operates in three segments: Upstream, Downstream and Corporate. The Company's Upstream segment focuses on exploration for new crude oil and natural gas reserves and on developing new projects. Its Downstream segment focuses on turning crude oil into a range of refined products, which are moved and marketed around the world for domestic, industrial and transport use. The Company sells various products, which include gasoline, diesel, heating oil, aviation fuel, marine fuel, liquefied natural gas (LNG) for transport, lubricants, bitumen and sulfur. It also produces and sells ethanol from sugar cane in Brazil.
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