Royal Dutch Shell (LON:RDSA) had its price objective cut by HSBC from GBX 2,850 ($37.24) to GBX 2,840 ($37.11) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the stock. HSBC’s price objective would suggest a potential upside of 16.63% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. UBS Group set a GBX 3,000 ($39.20) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Thursday, July 26th. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Thursday, July 26th. Barclays set a GBX 3,300 ($43.12) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, July 27th. Goldman Sachs Group set a GBX 3,130 ($40.90) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Royal Dutch Shell in a report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 2,949.69 ($38.54).
Shares of LON RDSA opened at GBX 2,435 ($31.82) on Tuesday. Royal Dutch Shell has a 1 year low of GBX 1,982.50 ($25.90) and a 1 year high of GBX 2,579.50 ($33.71).
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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