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Royal Dutch Shell Page 3
Royal Dutch Shell (RDSB) / Integrated Oil & Gas
Will shares break down below support at 1900p or rally back to the highs of 2150p?
- Shares have support at a rising trend line and the floor of their Aug trading range
- Directional indicators diverging bearishly
- RSI testing 12-month rising lows
Broker Consensus: 52% Buy, 43% Hold, 5% Sell
Bullish: Barclays, Overweight, Target 2600p, +37% (1 Sep)
Average Target: 2206p, +16% (1 Sep)
Bearish: Canaccord Genuity, Hold, Target 1550p, -18% (20 May)
N.B. All pricing and consensus data was sourced from Bloomberg on 1 Sep. Please contact us for a full, up to date rundown.
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Prepared by Michael van Dulken, Head of Research
