HSBC Cuts Royal Dutch Shell (RDSB) Price Target to GBX 2,890

Royal Dutch Shell (LON:RDSB) had its price target lowered by research analysts at HSBC from GBX 2,920 ($38.15) to GBX 2,890 ($37.76) in a report released on Wednesday. The brokerage currently has a “hold” rating on the stock. HSBC’s target price points to a potential upside of 12.91% from the company’s current price.

A number of other equities research analysts also recently weighed in on RDSB. Goldman Sachs Group set a GBX 3,500 ($45.73) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Monday, October 1st. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Monday, September 3rd. UBS Group set a GBX 2,950 ($38.55) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday, October 3rd. Royal Bank of Canada set a GBX 3,200 ($41.81) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Monday, October 8th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 2,800 ($36.59) price target on shares of Royal Dutch Shell in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,920.83 ($38.17).

RDSB stock opened at GBX 2,559.50 ($33.44) on Wednesday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($26.62) and a fifty-two week high of GBX 2,617 ($34.20).

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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