Royal Dutch Shell (RDSB) Given New GBX 2,890 Price Target at HSBC

Royal Dutch Shell (LON:RDSB) had its target price trimmed by HSBC from GBX 2,920 ($38.15) to GBX 2,890 ($37.76) in a research note published on Wednesday morning. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently commented on RDSB. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) target price on Royal Dutch Shell and gave the stock a buy rating in a research report on Monday, September 3rd. Royal Bank of Canada boosted their target price on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,900 ($37.89) and gave the stock an outperform rating in a research report on Monday, August 20th. Goldman Sachs Group boosted their target price on Royal Dutch Shell from GBX 2,980 ($38.94) to GBX 3,130 ($40.90) and gave the stock a buy rating in a research report on Friday, September 14th. Morgan Stanley boosted their target price on Royal Dutch Shell from GBX 2,411 ($31.50) to GBX 2,830 ($36.98) and gave the stock an overweight rating in a research report on Wednesday, September 5th. Finally, Berenberg Bank assumed coverage on Royal Dutch Shell in a research report on Tuesday, September 11th. They issued a hold rating and a GBX 2,800 ($36.59) target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Royal Dutch Shell has a consensus rating of Buy and an average target price of GBX 2,920.83 ($38.17).

LON RDSB opened at GBX 2,569 ($33.57) on Wednesday. Royal Dutch Shell has a twelve month low of GBX 2,037 ($26.62) and a twelve month high of GBX 2,617 ($34.20).

About Royal Dutch Shell

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

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