Berenberg Bank Cuts Royal Dutch Shell (LON:RDSB) Price Target to GBX 2,750

Royal Dutch Shell (LON:RDSB) had its price target cut by Berenberg Bank from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) in a research note published on Monday, Borsen Zeitung reports. They currently have a hold rating on the stock.

Other analysts also recently issued research reports about the stock. Societe Generale reaffirmed a buy rating on shares of Royal Dutch Shell in a report on Tuesday, September 10th. HSBC set a GBX 2,500 ($32.67) target price on shares of Royal Dutch Shell and gave the stock a neutral rating in a report on Wednesday, September 11th. Barclays set a GBX 3,100 ($40.51) target price on shares of Royal Dutch Shell and gave the stock a neutral rating in a report on Tuesday, September 10th. Deutsche Bank reaffirmed a buy rating on shares of Royal Dutch Shell in a report on Friday, July 12th. Finally, Morgan Stanley reaffirmed an equal weight rating and set a GBX 2,490 ($32.54) target price on shares of Royal Dutch Shell in a report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 2,981.43 ($38.96).

Royal Dutch Shell stock opened at GBX 2,339 ($30.56) on Monday. The firm has a market capitalization of $87.38 billion and a PE ratio of 9.42. The company’s 50-day moving average is GBX 2,345.16 and its 200-day moving average is GBX 2,453.55. Royal Dutch Shell has a fifty-two week low of GBX 2,227 ($29.10) and a fifty-two week high of GBX 2,725.50 ($35.61). The company has a debt-to-equity ratio of 47.21, a current ratio of 1.10 and a quick ratio of 0.73.

The business also recently announced a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.47 per share. This represents a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, August 15th. Royal Dutch Shell’s payout ratio is 0.61%.

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.

Read More: Why are analyst ratings important in trading stocks?

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.