Shell: BarCap ups target price; maintains 'overweight'.
(CercleFinance.com) - Barclays Capital has raised its target price for the Royal Dutch Shell share to 2,850 pence from 2,750 pence, and maintains its "overweight" rating, seeing the shares' 6% yield as "meaningfully undervalued.
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"The group surprised us by presenting new medium-term aspirations for both earnings and cash flow from its chemicals business that are higher than we anticipated," BarCap wrote in a report sent to clients.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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"The group surprised us by presenting new medium-term aspirations for both earnings and cash flow from its chemicals business that are higher than we anticipated," BarCap wrote in a report sent to clients.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.