Royal Dutch Shell (LON:RDSB) received a GBX 2,755 ($36.00) target price from equities research analysts at HSBC in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. HSBC’s target price points to a potential upside of 12.77% from the company’s current price.
Several other research firms also recently weighed in on RDSB. JPMorgan Chase & Co. set a GBX 3,250 ($42.47) target price on Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday, October 17th. Royal Bank of Canada upped their price objective on Royal Dutch Shell from GBX 2,900 ($37.89) to GBX 3,200 ($41.81) and gave the company an “outperform” rating in a research note on Thursday, October 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Royal Dutch Shell in a research note on Thursday, October 18th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 3,175 ($41.49) price objective on shares of Royal Dutch Shell in a research note on Wednesday, October 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Royal Dutch Shell in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,931.54 ($38.31).
Royal Dutch Shell stock opened at GBX 2,443 ($31.92) on Thursday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($26.62) and a fifty-two week high of GBX 2,617 ($34.20).
Royal Dutch Shell Company Profile
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.
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