Royal Dutch Shell (LON:RDSB) has been assigned a GBX 2,850 ($37.24) price target by analysts at HSBC in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. HSBC’s target price indicates a potential upside of 10.94% from the stock’s current price.
Several other brokerages also recently issued reports on RDSB. Royal Bank of Canada set a GBX 3,200 ($41.81) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Monday, October 8th. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Monday, September 3rd. Berenberg Bank reissued a “hold” rating and set a GBX 2,800 ($36.59) price objective on shares of Royal Dutch Shell in a research report on Friday, October 12th. Goldman Sachs Group set a GBX 3,500 ($45.73) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Monday, October 1st. Finally, UBS Group set a GBX 2,950 ($38.55) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,920.83 ($38.17).
Shares of RDSB stock opened at GBX 2,569 ($33.57) on Thursday. Royal Dutch Shell has a 12-month low of GBX 2,037 ($26.62) and a 12-month high of GBX 2,617 ($34.20).
Royal Dutch Shell Company Profile
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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