Royal Dutch Shell Plc (RDSB) Rating Reiterated by HSBC
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “buy” rating reiterated by HSBC in a report released on Tuesday. They currently have a GBX 2,460 ($30.73) price target on the stock. HSBC’s target price points to a potential upside of 19.07% from the company’s current price.
A number of other research analysts also recently issued reports on RDSB. Barclays PLC restated an “overweight” rating and set a GBX 2,600 ($32.48) target price on shares of Royal Dutch Shell Plc in a research report on Monday, July 18th. JPMorgan Chase & Co. boosted their target price on shares of Royal Dutch Shell Plc from GBX 1,630 ($20.36) to GBX 1,952 ($24.39) and gave the company a “neutral” rating in a research report on Thursday, July 21st. Deutsche Bank AG set a GBX 2,135 ($26.67) target price on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, July 25th. Liberum Capital restated a “buy” rating and set a GBX 2,071 ($25.87) target price on shares of Royal Dutch Shell Plc in a research report on Thursday, July 28th. Finally, S&P Global Inc. set a GBX 1,950 ($24.36) target price on shares of Royal Dutch Shell Plc and gave the company a “neutral” rating in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 2,069.01 ($25.85).
Royal Dutch Shell Plc (LON:RDSB) opened at 2061.00 on Tuesday. The firm’s 50 day moving average is GBX 2,118.76 and its 200 day moving average is GBX 1,962.05. Royal Dutch Shell Plc has a 12-month low of GBX 1,261.03 and a 12-month high of GBX 2,251.50. The company’s market cap is GBX 166.00 billion.
The firm also recently announced 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 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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