Royal Dutch Shell (LON:RDSB) had its price objective upped by HSBC from GBX 2,740 ($35.80) to GBX 2,860 ($37.37) in a research report issued to clients and investors on Friday, June 7th, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. HSBC’s price objective suggests a potential upside of 10.81% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group set a GBX 3,350 ($43.77) price target on shares of Royal Dutch Shell and gave the company a “buy” rating in a research note on Thursday, May 2nd. UBS Group reissued a “buy” rating and issued a GBX 2,900 ($37.89) target price on shares of Royal Dutch Shell in a research note on Thursday, May 2nd. Berenberg Bank increased their target price on shares of Royal Dutch Shell from GBX 3,000 ($39.20) to GBX 3,100 ($40.51) and gave the company a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada set a GBX 2,900 ($37.89) target price on shares of Royal Dutch Shell and gave the company a “buy” rating in a research note on Tuesday, February 19th. Finally, Credit Suisse Group set a GBX 3,175 ($41.49) target price on shares of Royal Dutch Shell and gave the company a “buy” rating 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. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,994.23 ($39.12).
Shares of LON:RDSB traded down GBX 13.50 ($0.18) during midday trading on Friday, reaching GBX 2,581 ($33.73). 4,838,651 shares of the company were exchanged, compared to its average volume of 5,080,000. 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 company’s fifty day moving average is GBX 2,523.95. Royal Dutch Shell has a one year low of GBX 2,227 ($29.10) and a one year high of GBX 2,792.50 ($36.49). The firm has a market capitalization of $96.67 billion and a PE ratio of 9.12.
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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