Royal Dutch Shell Plc (RDSA) Earns “Buy” Rating from HSBC Holdings plc
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “buy” rating reissued by investment analysts at HSBC Holdings plc in a research note issued to investors on Monday. They presently have a GBX 2,500 ($33.22) price objective on the stock. HSBC Holdings plc’s price target suggests a potential upside of 9.15% from the stock’s previous close.
RDSA has been the topic of several other research reports. Morgan Stanley restated an “overweight” rating on shares of Royal Dutch Shell Plc in a research report on Monday, July 17th. Barclays PLC reiterated an “overweight” rating and set a GBX 2,750 ($36.54) price objective on shares of Royal Dutch Shell Plc in a research report on Tuesday, September 19th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,500 ($33.22) price objective on shares of Royal Dutch Shell Plc in a research report on Friday, June 23rd. Macquarie reiterated a “neutral” rating and set a GBX 2,150 ($28.57) price objective on shares of Royal Dutch Shell Plc in a research report on Monday, July 24th. Finally, Deutsche Bank AG lifted their price objective on shares of Royal Dutch Shell Plc from GBX 2,400 ($31.89) to GBX 2,450 ($32.55) and gave the stock a “buy” rating in a research report on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,405 ($31.96).
Shares of Royal Dutch Shell Plc (RDSA) traded down 0.07% during midday trading on Monday, hitting GBX 2289.00. The company had a trading volume of 3,690,471 shares. The company has a 50-day moving average of GBX 2,195.56 and a 200 day moving average of GBX 2,121.46. Royal Dutch Shell Plc has a 12 month low of GBX 1,922.50 and a 12 month high of GBX 2,320.00.
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