Royal Dutch Shell Plc Stock Rating Reaffirmed by HSBC (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “neutral” rating restated by equities researchers at HSBC in a research report issued on Tuesday. They currently have a GBX 2,415 ($40.51) price target on the stock. HSBC’s price target points to a potential downside of 4.34% from the company’s current price.
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2498.00 on Tuesday. Royal Dutch Shell Plc has a 52-week low of GBX 2069.50 and a 52-week high of GBX 2990.50. The stock’s 50-day moving average is GBX 2535.39 and its 200-day moving average is GBX 2423.. The company’s market cap is £158.4 billion.
A number of other firms have also recently commented on RDSB. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Royal Dutch Shell Plc in a research note on Friday. They now have a GBX 2,300 ($38.58) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research note on Friday, August 1st. They now have a GBX 2,700 ($45.29) price target on the stock. Finally, analysts at Jefferies Group upgraded shares of Royal Dutch Shell Plc to a “buy” rating in a research note on Friday, August 1st. They now have a GBX 2,730 ($45.80) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,507.42 ($42.06).
Royal Dutch Shell plc (LON:RDSB) is an independent oil and gas company, based in the United Kingdom.
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