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Royal Dutch Shell (LON:RDSB) target price held steady at 2,300.00GBX, reported today by Panmure Gordon

Royal Dutch Shell (LON:RDSB) had its price target hold steady to 2,300.00GBX by Panmure Gordon in a report issued 10/5/2016. The updated target suggests a potential upside of 0.09% from the company's most recent close.

Previously on 10/04/2016, RBC Capital Markets released a statement about Royal Dutch Shell (LON:RDSB) held steady the target price at 2,100.00GBX. At the time, this indicated a possible upside of 0.04%.

Just yesterday Royal Dutch Shell (LON:RDSB) traded 0.64% higher at 2,102.00GBX. Royal Dutch Shell’s 50-day moving average is 1,959.54GBX and its 200-day moving average is 1,876.13GBX. The last stock price is up 12.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 510,015 shares of RDSB traded hands, down from an average trading volume of 6,246,790

Recent Performance Chart

Royal Dutch Shell (LON:RDSB)

Royal Dutch Shell has 52 week low of 1,261.03GBX and a 52 week high of 2,163.35GBX and has a market capitalization of 0 GBX.

In addition to Panmure Gordon reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. The average stock price target is 26.52GBX with 9 brokerages rating the stock a strong buy, 13 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages 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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