HSBC Reaffirms “Buy” Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reiterated by investment analysts at HSBC in a report issued on Tuesday. They currently have a GBX 2,360 ($29.49) target price on the stock. HSBC’s price objective would suggest a potential upside of 22.41% from the company’s previous close.
A number of other brokerages have also issued reports on RDSA. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 1,950 ($24.36) price target on shares of Royal Dutch Shell Plc in a research note on Wednesday, November 2nd. Jefferies Group boosted their price objective on Royal Dutch Shell Plc from GBX 2,400 ($29.99) to GBX 2,450 ($30.61) and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Societe Generale reissued a “buy” rating and set a GBX 2,500 ($31.23) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, November 2nd. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,325 ($29.05) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, November 2nd. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Royal Dutch Shell Plc in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. Royal Dutch Shell Plc presently has a consensus rating of “Buy” and an average price target of GBX 2,145.06 ($26.80).
Royal Dutch Shell Plc (LON:RDSA) opened at 1976.50 on Tuesday. The stock’s 50 day moving average price is GBX 2,024.85 and its 200-day moving average price is GBX 1,903.77. Royal Dutch Shell Plc has a 52-week low of GBX 1,256.00 and a 52-week high of GBX 2,140.00.
The business also recently declared a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 10th will be issued a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.81%.
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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