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Royal Dutch Shell Plc Price Target Lowered to GBX 2,300 at Citigroup Inc.

Research analysts at Citigroup Inc. dropped their price objective on shares of Royal Dutch Shell Plc (LON:RDSB) from GBX 2,550 ($39.79) to GBX 2,300 ($35.89) in a report released on Monday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 3.46% from the stock’s previous close.

Royal Dutch Shell Plc (LON:RDSB) opened at 2187.00 on Monday. Royal Dutch Shell Plc has a one year low of GBX 2082.50 and a one year high of GBX 2990.50. The stock’s 50-day moving average is GBX 2289.42 and its 200-day moving average is GBX 2450.38. The company’s market cap is £138.2 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Royal Dutch Shell Plc in a research note on Monday. They now have a GBX 2,600 ($40.57) price target on the stock. Separately, analysts at Nomura cut their price target on shares of Royal Dutch Shell Plc from GBX 2,750 ($42.92) to GBX 2,600 ($40.57) in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research note on Friday. They now have a GBX 2,600 ($40.57) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,500.95 ($39.03).

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