HSBC on target prices for Shell and BP
- Shell RDSb L: Raises target price to 2665p from 2640p
- Shell RDSa L: Cuts target price to 2590p from 2595p
- BP PLC BP.L: Raises target price to 600p from 590p
Shell and BP have seen some steady gains alongside the recovery of Oil prices. And once BP has finished with its Deepwater Horizon Bill (65 Billion dollars) it could be well placed for a decent recovery from its previous lows. It was only about 18 months ago when BP was trading at 400p a share. Currently at 543p.
