HSBC Downgrades Royal Dutch Shell (LON:RDSA) to Hold

Royal Dutch Shell (LON:RDSA) was downgraded by research analysts at HSBC to a “hold” rating in a research note issued on Tuesday, November 21st. They currently have a GBX 2,600 ($34.99) target price on the stock. HSBC’s target price indicates a potential upside of 10.99% from the stock’s previous close.

Several other research firms have also issued reports on RDSA. Barclays reaffirmed an “overweight” rating and issued a GBX 2,850 ($38.36) price target on shares of Royal Dutch Shell in a report on Friday, November 3rd. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,500 ($33.65) price objective on shares of Royal Dutch Shell in a research note on Friday, September 8th. Deutsche Bank lifted their price objective on shares of Royal Dutch Shell from GBX 2,400 ($32.30) to GBX 2,450 ($32.97) and gave the stock a “buy” rating in a research note on Monday, September 4th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 2,650 ($35.67) price objective on shares of Royal Dutch Shell in a research note on Thursday, November 9th. Finally, Jefferies Group boosted their target price on shares of Royal Dutch Shell from GBX 2,470 ($33.24) to GBX 2,650 ($35.67) and gave the company a “buy” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,595 ($34.93).

Shares of Royal Dutch Shell (RDSA) traded down GBX 26.33 ($0.35) during midday trading on Tuesday, reaching GBX 2,342.50 ($31.53). 5,021,800 shares of the company’s stock traded hands, compared to its average volume of 6,550,000. Royal Dutch Shell has a twelve month low of GBX 1,982.50 ($26.68) and a twelve month high of GBX 2,516.32 ($33.87).

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Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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