HSBC Analysts Give Royal Dutch Shell (RDSB) a GBX 2,700 Price Target

HSBC set a GBX 2,700 ($36.16) price target on Royal Dutch Shell (LON:RDSB) in a research note released on Thursday. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. UBS set a GBX 2,550 ($34.15) price target on shares of Royal Dutch Shell and gave the company a buy rating in a report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 2,500 ($33.48) price target on shares of Royal Dutch Shell in a report on Monday, October 23rd. Macquarie reissued a neutral rating and set a GBX 2,150 ($28.79) target price on shares of Royal Dutch Shell in a research note on Thursday, October 26th. Societe Generale reissued a buy rating and set a GBX 2,660 ($35.62) target price on shares of Royal Dutch Shell in a research note on Wednesday, November 29th. Finally, Citigroup reissued a sell rating and set a GBX 2,050 ($27.45) target price on shares of Royal Dutch Shell in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 2,567.11 ($34.38).

Shares of Royal Dutch Shell (LON RDSB) opened at GBX 2,403.50 ($32.19) 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 declared a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 1.47%.

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About Royal Dutch Shell

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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