Royal Dutch Shell (LON:RDSA) had its target price lowered by HSBC from GBX 2,880 ($37.63) to GBX 2,850 ($37.24) in a research note published on Wednesday morning. The firm currently has a hold rating on the stock.
Several other analysts have also commented on RDSA. Royal Bank of Canada set a GBX 3,000 ($39.20) price objective on Royal Dutch Shell and gave the company a buy rating in a report on Monday, July 2nd. Barclays set a GBX 3,250 ($42.47) price objective on Royal Dutch Shell and gave the company a buy rating in a report on Monday, July 2nd. JPMorgan Chase & Co. set a GBX 3,000 ($39.20) price objective on Royal Dutch Shell and gave the company a buy rating in a report on Tuesday, June 26th. BNP Paribas reiterated an outperform rating on shares of Royal Dutch Shell in a report on Monday, June 25th. Finally, Credit Suisse Group set a GBX 3,175 ($41.49) price objective on Royal Dutch Shell and gave the company a buy rating in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 2,903.24 ($37.94).
Shares of RDSA opened at GBX 2,521 ($32.94) on Wednesday. Royal Dutch Shell has a 12 month low of GBX 1,982.50 ($25.90) and a 12 month high of GBX 2,579.50 ($33.71).
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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