Royal Dutch Shell (RDSB) Price Target Increased to GBX 2,920 by Analysts at HSBC

Royal Dutch Shell (LON:RDSB) had its target price lifted by HSBC from GBX 2,890 ($37.64) to GBX 2,920 ($38.04) in a research report sent to investors on Wednesday, September 12th. HSBC currently has a hold rating on the stock.

A number of other analysts have also weighed in on RDSB. UBS Group set a GBX 3,000 ($39.08) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research report on Wednesday, May 16th. Barclays set a GBX 3,050 ($39.73) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research report on Thursday, May 17th. Sanford C. Bernstein set a GBX 3,300 ($42.99) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research report on Monday, June 4th. Societe Generale set a GBX 2,900 ($37.78) target price on shares of Royal Dutch Shell and gave the company a neutral rating in a research report on Tuesday, June 5th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a GBX 3,000 ($39.08) target price on shares of Royal Dutch Shell in a research report on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Royal Dutch Shell currently has a consensus rating of Buy and a consensus price target of GBX 2,833.16 ($36.90).

Royal Dutch Shell stock traded down GBX 59 ($0.77) during mid-day trading on Wednesday, reaching GBX 2,635 ($34.32). The company had a trading volume of 5,517,749 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($26.53) and a fifty-two week high of GBX 2,617 ($34.09).

The firm also recently declared a dividend, which was paid on Monday, September 17th. Stockholders of record on Thursday, August 9th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a dividend yield of 1.35%.

Royal Dutch Shell Company Profile

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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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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