HSBC Holdings plc Reiterates “Buy” Rating for Royal Dutch Shell Plc (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reiterated by equities research analysts at HSBC Holdings plc in a research note issued to investors on Monday. They currently have a GBX 2,450 ($31.16) price target on the stock. HSBC Holdings plc’s price objective points to a potential upside of 18.62% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Citigroup Inc. downgraded shares of Royal Dutch Shell Plc to a “sell” rating in a research note on Wednesday, April 19th. Credit Suisse Group increased their price target on shares of Royal Dutch Shell Plc from GBX 2,450 ($31.16) to GBX 2,500 ($31.80) and gave the stock an “outperform” rating in a research note on Friday, May 5th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,750 ($34.98) price target on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, April 6th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,500 ($31.80) price target on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 2,397.93 ($30.50).
Royal Dutch Shell Plc (LON RDSA) traded down 0.05% during midday trading on Monday, reaching GBX 2065.50. The company had a trading volume of 4,962,107 shares. The stock’s market capitalization is GBX 3.75 billion. Royal Dutch Shell Plc has a 1-year low of GBX 1,752.50 and a 1-year high of GBX 2,295.50. The firm’s 50 day moving average is GBX 2,102.34 and its 200 day moving average is GBX 2,132.73.
The firm also recently announced a dividend, which will be paid on Monday, June 26th. Stockholders of record on Thursday, May 18th will be paid a $0.47 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 18th.
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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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