Royal Dutch Shell Plc (RDSA) Price Target Cut to GBX 2,050 by Analysts at HSBC
Royal Dutch Shell Plc (LON:RDSA) had its target price decreased by HSBC from GBX 2,180 ($28.46) to GBX 2,050 ($26.76) in a research note released on Tuesday morning. HSBC currently has a buy rating on the stock.
A number of other equities analysts have also issued reports on the company. Barclays PLC restated an overweight rating and issued a GBX 2,600 ($33.94) target price on shares of Royal Dutch Shell Plc in a research note on Thursday, September 8th. Jefferies Group reiterated a buy rating and set a GBX 2,400 ($31.33) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, September 7th. Canaccord Genuity reiterated a hold rating and set a GBX 1,830 ($23.89) price objective on shares of Royal Dutch Shell Plc in a research note on Tuesday, September 6th. Citigroup Inc. reiterated a neutral rating on shares of Royal Dutch Shell Plc in a research note on Monday, August 1st. Finally, Macquarie reduced their price objective on Royal Dutch Shell Plc from GBX 2,300 ($30.02) to GBX 2,200 ($28.72) and set an outperform rating for the company in a research note on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 2,033.71 ($26.55).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 1818.50 on Tuesday. Royal Dutch Shell Plc has a 12-month low of GBX 1,256.00 and a 12-month high of GBX 2,127.40. The firm has a 50 day moving average price of GBX 1,876.88 and a 200 day moving average price of GBX 1,830.80.
Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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