Royal Dutch Shell (LON:RDSB) has been given a GBX 3,175 ($41.49) target price by investment analysts at Credit Suisse Group in a report issued on Wednesday, June 5th, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 23.01% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Royal Dutch Shell from GBX 2,700 ($35.28) to GBX 2,850 ($37.24) and gave the company an “overweight” rating in a report on Friday, April 12th. HSBC set a GBX 2,710 ($35.41) target price on Royal Dutch Shell and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Royal Bank of Canada set a GBX 2,750 ($35.93) target price on Royal Dutch Shell and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Goldman Sachs Group set a GBX 3,350 ($43.77) target price on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 2,650 ($34.63) target price on shares of Royal Dutch Shell in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Royal Dutch Shell has a consensus rating of “Buy” and a consensus target price of GBX 2,987.50 ($39.04).
Shares of LON:RDSB traded down GBX 13.50 ($0.18) during midday trading on Wednesday, hitting GBX 2,581 ($33.73). The company had a trading volume of 4,530,534 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a twelve month low of GBX 2,227 ($29.10) and a twelve month high of GBX 2,792.50 ($36.49). The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21. The stock has a market capitalization of $96.49 billion and a PE ratio of 9.12. The firm’s 50-day moving average is GBX 2,523.95.
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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