Royal Dutch Shell (LON:RDSA) Price Target Raised to GBX 2,875 at HSBC
Royal Dutch Shell (LON:RDSA) had its price target increased by HSBC from GBX 2,840 ($37.11) to GBX 2,875 ($37.57) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other brokerages also recently issued reports on RDSA. Barclays reiterated an underweight rating on shares of in a research report on Thursday, July 4th. UBS Group reiterated a buy rating and set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a research report on Wednesday, May 29th. Credit Suisse Group assumed coverage on shares of LTC Properties in a research report on Wednesday. They set an underperform rating and a $19.00 price target on the stock. JPMorgan Chase & Co. reiterated a top pick rating on shares of in a research report on Thursday, July 4th. Finally, Jefferies Financial Group upped their price target on shares of PureTech Health from GBX 280 ($3.66) to GBX 340 ($4.44) and gave the stock a buy rating in a research report on Friday, July 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Royal Dutch Shell has an average rating of Buy and a consensus price target of GBX 2,956.25 ($38.63).
Shares of LON RDSA opened at GBX 2,588 ($33.82) on Wednesday. The stock’s 50-day moving average is GBX 2,532.66. The firm has a market cap of $112.04 billion and a P/E ratio of 914.49. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21. Royal Dutch Shell has a 12-month low of GBX 2,209.50 ($28.87) and a 12-month high of GBX 2,708 ($35.38).
Royal Dutch Shell Company Profile
Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.
Read More: Limitations to arbitrage trading
Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.