Berenberg Bank reissued their hold rating on shares of Royal Dutch Shell (LON:RDSB) in a research note released on Wednesday morning, Digital Look reports. Berenberg Bank currently has a GBX 2,750 ($35.93) price objective on the stock.
A number of other research analysts also recently issued reports on RDSB. Barclays cut their price target on Royal Dutch Shell from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set an equal weight rating on the stock in a report on Wednesday, October 2nd. Credit Suisse Group set a GBX 3,000 ($39.20) price target on Royal Dutch Shell and gave the company a buy rating in a report on Monday. Royal Bank of Canada reiterated a sector performer rating on shares of Royal Dutch Shell in a report on Thursday, September 12th. JPMorgan Chase & Co. set a GBX 2,900 ($37.89) price target on Royal Dutch Shell and gave the company a buy rating in a report on Monday, September 16th. Finally, Morgan Stanley reiterated an equal weight rating and issued a GBX 2,490 ($32.54) price target 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 nine have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 2,891.54 ($37.78).
Shares of LON:RDSB opened at GBX 2,325 ($30.38) on Wednesday. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,657 ($34.72). The business’s fifty day simple moving average is GBX 2,306.12 and its 200-day simple moving average is GBX 2,450.24. The company has a market capitalization of $86.82 billion and a PE ratio of 9.37. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 47.21.
About Royal Dutch Shell
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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