HSBC Holdings PLC Downgrades Royal Dutch Shell plc (RDSA) to Hold

HSBC Holdings PLC downgraded shares of Royal Dutch Shell plc (LON:RDSA) to a hold rating in a research report report published on Tuesday. The brokerage currently has GBX 2,600 ($34.20) price objective on the stock.

Other analysts have also issued research reports about the stock. Jefferies Group LLC reaffirmed a buy rating and set a GBX 2,470 ($32.49) target price on shares of Royal Dutch Shell plc in a report on Wednesday, September 27th. Deutsche Bank AG upped their target price on shares of Royal Dutch Shell plc from GBX 2,400 ($31.57) to GBX 2,450 ($32.22) and gave the stock a buy rating in a report on Monday, September 4th. reissued a buy rating and issued a GBX 2,500 ($32.88) price target on shares of Royal Dutch Shell plc in a report on Monday, October 16th. Macquarie reissued a neutral rating and issued a GBX 2,150 ($28.28) price target on shares of Royal Dutch Shell plc in a report on Monday, July 24th. Finally, Credit Suisse Group reissued an outperform rating and issued a GBX 2,500 ($32.88) price target on shares of Royal Dutch Shell plc in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 2,582.50 ($33.97).

Shares of Royal Dutch Shell plc (LON:RDSA) opened at GBX 2,337.50 ($30.74) on Tuesday. Royal Dutch Shell plc has a twelve month low of GBX 1,929.50 ($25.38) and a twelve month high of GBX 2,516.32 ($33.10).

The firm also recently announced a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be issued a dividend of $0.47 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 16th.

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Analyst Recommendations for Royal Dutch Shell plc (LON:RDSA)

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