HSBC Reiterates GBX 2,700 Price Target for Royal Dutch Shell (RDSB)
Several other equities analysts have also issued reports on RDSB. Barclays reiterated an overweight rating and set a GBX 2,850 ($38.17) target price on shares of Royal Dutch Shell in a report on Friday, November 24th. Societe Generale reiterated a buy rating and set a GBX 2,660 ($35.62) target price on shares of Royal Dutch Shell in a report on Wednesday. J P Morgan Chase & Co lifted their target price on shares of Royal Dutch Shell from GBX 2,650 ($35.49) to GBX 2,850 ($38.17) and gave the company an overweight rating in a report on Wednesday. Royal Bank Of Canada set a GBX 2,750 ($36.83) target price on shares of Royal Dutch Shell and gave the company a buy rating in a report on Wednesday. Finally, Citigroup reiterated a sell rating and set a GBX 2,050 ($27.45) target price on shares of Royal Dutch Shell in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 2,567.11 ($34.38).
Royal Dutch Shell (LON:RDSB) opened at £2,394 ($3,206.11) on Thursday. Royal Dutch Shell has a 1-year low of GBX 2,037 ($27.28) and a 1-year high of GBX 2,580.53 ($34.56).
The business also recently announced a dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Thursday, November 16th will be given a $0.47 dividend. This represents a yield of 1.47%. The ex-dividend date of this dividend is Thursday, November 16th.
Royal Dutch Shell 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.
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