Royal Dutch Shell (LON:RDSB) had its price objective dropped by research analysts at HSBC from GBX 2,900 ($37.89) to GBX 2,680 ($35.02) in a note issued to investors on Monday. The firm currently has a “hold” rating on the stock. HSBC’s price objective would indicate a potential upside of 13.58% from the company’s previous close.
A number of other research analysts also recently issued reports on RDSB. Goldman Sachs Group set a GBX 3,500 ($45.73) target price on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, October 1st. Berenberg Bank reiterated a “hold” rating and set a GBX 2,800 ($36.59) target price on shares of Royal Dutch Shell in a research report on Tuesday, October 2nd. UBS Group set a GBX 2,950 ($38.55) target price on shares of Royal Dutch Shell and gave the company a “buy” rating in a research report on Wednesday, October 3rd. BNP Paribas reiterated an “outperform” rating and set a GBX 3,450 ($45.08) target price on shares of Royal Dutch Shell in a research report on Thursday, October 4th. Finally, Barclays reiterated an “overweight” rating and set a GBX 3,300 ($43.12) target price on shares of Royal Dutch Shell in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,927.86 ($38.26).
Shares of LON RDSB opened at GBX 2,359.50 ($30.83) on Monday. Royal Dutch Shell has a 52-week low of GBX 2,037 ($26.62) and a 52-week high of GBX 2,617 ($34.20).
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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