HSBC Holdings plc Reiterates “GBX 2,550” Price Target for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB) has been assigned a GBX 2,550 ($33.53) price objective by equities research analysts at HSBC Holdings plc in a report released on Friday. The firm presently has a “buy” rating on the stock. HSBC Holdings plc’s price objective suggests a potential upside of 9.44% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,750 ($36.16) target price on shares of Royal Dutch Shell Plc in a research note on Tuesday, July 4th. J P Morgan Chase & Co set a GBX 2,600 ($34.18) target price on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Friday, June 23rd. Macquarie cut shares of Royal Dutch Shell Plc to a “neutral” rating and decreased their target price for the stock from GBX 2,400 ($31.55) to GBX 2,150 ($28.27) in a research note on Wednesday, June 21st. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 1,900 ($24.98) target price on shares of Royal Dutch Shell Plc in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.13) target price on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 2,420.79 ($31.83).
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About Royal Dutch Shell Plc
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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