Royal Dutch Shell (LON:RDSB) had its price objective increased by investment analysts at HSBC from GBX 2,575 ($36.87) to GBX 2,640 ($37.80) in a note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. HSBC’s price objective indicates a potential upside of 5.31% from the stock’s current price.
Several other research analysts also recently commented on the company. Barclays reiterated an “overweight” rating and set a GBX 3,000 ($42.96) target price on shares of Royal Dutch Shell in a research note on Friday, January 19th. Deutsche Bank reiterated a “buy” rating and set a GBX 2,800 ($40.09) target price on shares of Royal Dutch Shell in a research note on Monday, January 29th. Morgan Stanley set a GBX 2,830 ($40.52) target price on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Credit Suisse Group set a GBX 2,725 ($39.02) price target on Royal Dutch Shell and gave the company a “buy” rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 2,800 ($40.09) price target on shares of Royal Dutch Shell in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,601.37 ($37.25).
Shares of LON RDSB opened at GBX 2,507 ($35.90) on Tuesday. Royal Dutch Shell has a 12 month low of GBX 2,037 ($29.17) and a 12 month high of GBX 2,617 ($37.47).
About Royal Dutch Shell
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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