HSBC Increases Royal Dutch Shell Plc Class A (RDSA) Price Target to GBX 2,880
Royal Dutch Shell Plc Class A (LON:RDSA) had its price objective raised by analysts at HSBC from GBX 2,800 ($36.47) to GBX 2,880 ($37.51) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. HSBC’s price target indicates a potential upside of 17.03% from the stock’s previous close.
A number of other equities research analysts have also recently commented on RDSA. Barclays reissued an “overweight” rating and set a GBX 3,000 ($39.08) target price on shares of Royal Dutch Shell Plc Class A in a research report on Tuesday, May 15th. Citigroup reissued a “sell” rating on shares of Royal Dutch Shell Plc Class A in a research report on Wednesday, May 16th. Goldman Sachs Group reissued a “top pick” rating on shares of Royal Dutch Shell Plc Class A in a research report on Tuesday, May 29th. Jefferies Financial Group increased their target price on shares of Royal Dutch Shell Plc Class A from GBX 3,180 ($41.42) to GBX 3,350 ($43.64) and gave the company a “buy” rating in a research report on Monday, June 11th. Finally, JPMorgan Chase & Co. set a GBX 3,000 ($39.08) target price on shares of Royal Dutch Shell Plc Class A and gave the company a “buy” rating in a research report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 2,896.18 ($37.73).
LON:RDSA opened at GBX 2,461 ($32.06) on Wednesday. Royal Dutch Shell Plc Class A has a 52 week low of GBX 1,982.50 ($25.82) and a 52 week high of GBX 2,579.50 ($33.60).
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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