HSBC Boosts Royal Dutch Shell Plc (RDSB) Price Target to GBX 2,460
Royal Dutch Shell Plc (LON:RDSB) had its price target boosted by HSBC from GBX 2,380 ($29.48) to GBX 2,460 ($30.47) in a research note released on Tuesday. HSBC currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the stock. Credit Suisse Group AG set a GBX 2,150 ($26.63) price target on shares of Royal Dutch Shell Plc and gave the stock a buy rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. set a GBX 2,250 ($27.87) price objective on shares of Royal Dutch Shell Plc and gave the stock a buy rating in a research report on Friday, July 29th. Jefferies Group set a GBX 2,400 ($29.73) price objective on shares of Royal Dutch Shell Plc and gave the stock a buy rating in a research report on Monday, July 11th. Liberum Capital restated a buy rating and set a GBX 2,071 ($25.65) price objective on shares of Royal Dutch Shell Plc in a research report on Thursday, July 28th. Finally, Deutsche Bank AG set a GBX 2,135 ($26.45) price objective on shares of Royal Dutch Shell Plc and gave the stock a buy rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 2,069.01 ($25.63).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2092.50 on Tuesday. The firm’s market cap is GBX 168.54 billion. Royal Dutch Shell Plc has a 52-week low of GBX 1,261.03 and a 52-week high of GBX 2,251.50. The company’s 50-day moving average is GBX 2,106.57 and its 200 day moving average is GBX 1,953.70.
The business also recently disclosed a dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 10th will be paid a dividend of GBX 0.47 ($0.01) per share. This represents a dividend yield of 1.75%. The ex-dividend date is Thursday, November 10th.
About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.
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