Credit Suisse Group set a GBX 3,010 ($39.33) target price on Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also commented on RDSB. Barclays reissued an overweight rating on shares of Royal Dutch Shell in a report on Wednesday, July 24th. Societe Generale upgraded shares of Royal Dutch Shell to a buy rating in a research note on Friday, May 31st. Morgan Stanley restated an equal weight rating and issued a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell in a research note on Friday, July 12th. Berenberg Bank restated a hold rating and issued a GBX 2,800 ($36.59) price objective on shares of Royal Dutch Shell in a research note on Thursday. Finally, JPMorgan Chase & Co. set a GBX 2,950 ($38.55) price objective on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Royal Dutch Shell presently has an average rating of Buy and an average target price of GBX 3,026.07 ($39.54).
LON:RDSB traded down GBX 63.50 ($0.83) during trading hours on Friday, hitting GBX 2,408.50 ($31.47). The company’s stock had a trading volume of 9,245,169 shares, compared to its average volume of 5,080,000. The company has a market capitalization of $90.21 billion and a PE ratio of 8.51. The company has a fifty day simple moving average of GBX 2,570.17. The company has a debt-to-equity ratio of 46.21, a current ratio of 1.16 and a quick ratio of 0.80. Royal Dutch Shell has a 52-week low of GBX 2,227 ($29.10) and a 52-week high of GBX 2,725.50 ($35.61).
Royal Dutch Shell Company Profile
Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.
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