HSBC Holdings plc Reiterates Buy Rating for Royal Dutch Shell Plc (RDSB)

HSBC Holdings plc reaffirmed their buy rating on shares of Royal Dutch Shell Plc (LON:RDSB) in a report published on Wednesday morning. HSBC Holdings plc currently has a GBX 2,500 ($32.65) price target on the stock.

Other equities research analysts have also issued reports about the stock. UBS AG set a GBX 2,500 ($32.65) price objective on shares of Royal Dutch Shell Plc and gave the company a buy rating in a research note on Tuesday, April 25th. Deutsche Bank AG set a GBX 2,500 ($32.65) price objective on shares of Royal Dutch Shell Plc and gave the company a buy rating in a research note on Friday, May 5th. Barclays PLC reaffirmed an overweight rating and issued a GBX 2,750 ($35.91) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. Panmure Gordon reaffirmed a buy rating and issued a GBX 2,500 ($32.65) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 2,600 ($33.95) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 2,417.63 ($31.57).

Royal Dutch Shell Plc (RDSB) opened at 2086.50 on Wednesday. The company’s market capitalization is GBX 170.15 billion. The stock’s 50 day moving average is GBX 2,107.92 and its 200-day moving average is GBX 2,187.46. Royal Dutch Shell Plc has a 12 month low of GBX 1,869.25 and a 12 month high of GBX 2,403.68.

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The firm also recently disclosed a dividend, which was paid on Monday, June 26th. Shareholders of record on Thursday, May 18th were paid a $0.47 dividend. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, May 18th.

Royal Dutch Shell Plc Company Profile

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.