Today: The Royal Dutch Shell Plc (RDSB) PT Set at GBX 2,380 by HSBC

The Royal Dutch Shell Plc (RDSB) PT Set at GBX 2,380 by HSBC

Royal Dutch Shell Plc (LON:RDSB) received a GBX 2,380 ($29.46) price target from investment analysts at HSBC in a note issued to investors on Tuesday. The firm currently has a a “buy” rating on the stock. HSBC’s price objective points to a potential upside of 8.82% from the stock’s previous close.

Several other equities analysts have also issued reports on RDSB. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,450 ($30.32) price target on shares of Royal Dutch Shell Plc in a report on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 2,185 ($27.04) price target on shares of Royal Dutch Shell Plc in a report on Monday, June 27th. Societe Generale set a GBX 2,500 ($30.94) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Thursday, July 7th. Jefferies Group set a GBX 2,400 ($29.70) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a report on Monday, July 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Royal Dutch Shell Plc from GBX 1,630 ($20.17) to GBX 1,952 ($24.16) and gave the stock a “neutral” rating in a report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,036.11 ($25.20).

Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2170.50 on Tuesday. 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 firm’s 50-day moving average price is GBX 1,986.92 and its 200 day moving average price is GBX 1,894.82. The stock’s market capitalization is GBX 173.64 billion.

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