HSBC Boosts Royal Dutch Shell Plc (RDSA) Price Target to GBX 2,260
Royal Dutch Shell Plc (LON:RDSA) had its price objective increased by HSBC from GBX 2,050 ($25.37) to GBX 2,260 ($27.97) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. HSBC’s price target would suggest a potential upside of 6.81% from the stock’s current price.
A number of other equities research analysts have also issued reports on the company. Barclays PLC upped their price target on Royal Dutch Shell Plc from GBX 2,600 ($32.18) to GBX 2,960 ($36.63) and gave the company an “overweight” rating in a research report on Monday. Jefferies Group restated a “buy” rating and issued a GBX 2,400 ($29.70) price target on shares of Royal Dutch Shell Plc in a research report on Wednesday, September 7th. Canaccord Genuity restated a “hold” rating and issued a GBX 1,830 ($22.65) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday, September 6th. Citigroup Inc. restated a “neutral” rating on shares of Royal Dutch Shell Plc in a research report on Monday, August 1st. Finally, Macquarie dropped their price target on Royal Dutch Shell Plc from GBX 2,300 ($28.47) to GBX 2,200 ($27.23) and set an “outperform” rating for the company in a research report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Royal Dutch Shell Plc has a consensus rating of “Buy” and an average target price of GBX 2,067.24 ($25.58).
Royal Dutch Shell Plc (LON:RDSA) opened at 2115.50 on Tuesday. The stock has a 50 day moving average price of GBX 1,889.90 and a 200-day moving average price of GBX 1,849.23. Royal Dutch Shell Plc has a one year low of GBX 1,256.00 and a one year high of GBX 2,140.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/royal-dutch-shell-plc-rdsa-pt-raised-to-gbx-2260-at-hsbc.html
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.
Receive News & Ratings for Royal Dutch Shell Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell Plc and related companies with MarketBeat.com's FREE daily email newsletter.