Trade Report: Today, HSBC Increases Royal Dutch Shell Plc (RDSB) Price Target to GBX 2,460

Today, HSBC Increases Royal Dutch Shell Plc (RDSB) Price Target to GBX 2,460

Royal Dutch Shell Plc (LON:RDSB) had its price target lifted by HSBC from GBX 2,380 ($29.74) to GBX 2,460 ($30.73) in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. HSBC’s price objective would suggest a potential upside of 16.53% from the stock’s previous close.

Several other brokerages also recently issued reports on RDSB. BNP Paribas reissued a “neutral” rating and set a GBX 2,250 ($28.11) target price on shares of Royal Dutch Shell Plc in a research note on Tuesday, October 11th. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 2,325 ($29.05) price target (up from GBX 2,225 ($27.80)) on shares of Royal Dutch Shell Plc in a report on Wednesday, November 2nd. Jefferies Group boosted their price target on shares of Royal Dutch Shell Plc from GBX 2,400 ($29.99) to GBX 2,450 ($30.61) and gave the company a “buy” rating in a report on Wednesday, November 2nd. Societe Generale restated a “buy” rating and set a GBX 2,500 ($31.23) price target on shares of Royal Dutch Shell Plc in a report on Wednesday, November 2nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Royal Dutch Shell Plc in a report on Monday, October 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,075.74 ($25.93).

Royal Dutch Shell Plc (LON:RDSB) traded down 0.31% during mid-day trading on Tuesday, hitting GBX 2111.00. 4,352,275 shares of the stock were exchanged. The company has a 50 day moving average price of GBX 2,135.78 and a 200 day moving average price of GBX 1,975.80. The stock’s market cap is GBX 170.03 billion. Royal Dutch Shell Plc has a 52 week low of GBX 1,261.03 and a 52 week high of GBX 2,251.50.

The company also recently disclosed a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 10th will be paid a dividend of GBX 0.47 ($0.01) per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.75%.

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