HSBC Boosts Royal Dutch Shell Plc (RDSA) Price Target to GBX 2,260
Royal Dutch Shell Plc (LON:RDSA) had its price target hoisted by HSBC from GBX 2,050 ($25.37) to GBX 2,260 ($27.97) in a research note published on Tuesday. They currently have a buy rating on the stock.
Other research analysts also recently issued research reports about the company. Liberum Capital lifted their price target on Royal Dutch Shell Plc from GBX 1,910 ($23.64) to GBX 2,071 ($25.63) and gave the company a buy rating in a report on Wednesday, June 29th. Jefferies Group lifted their price target on Royal Dutch Shell Plc from GBX 2,040 ($25.25) to GBX 2,400 ($29.70) and gave the company a buy rating in a report on Monday, July 11th. Deutsche Bank AG reiterated a buy rating on shares of Royal Dutch Shell Plc in a report on Monday, July 25th. Canaccord Genuity lowered their price target on Royal Dutch Shell Plc from GBX 1,930 ($23.89) to GBX 1,830 ($22.65) and set a hold rating on the stock in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on Royal Dutch Shell Plc from GBX 1,630 ($20.17) to GBX 1,952 ($24.16) and gave the company a neutral rating in a research note on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 2,074.29 ($25.67).
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2099.50 on Tuesday. Royal Dutch Shell Plc has a 12-month low of GBX 1,256.00 and a 12-month high of GBX 2,140.00. The firm’s 50-day moving average price is GBX 1,905.74 and its 200 day moving average price is GBX 1,855.08.
About Royal Dutch Shell Plc
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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