Royal Dutch Shell (LON:RDSA) PT Lowered to GBX 2,850

Royal Dutch Shell (LON:RDSA) had its target price reduced by research analysts at Barclays from GBX 3,000 ($39.20) to GBX 2,850 ($37.24) in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 21.74% from the stock’s current price.

Several other brokerages have also recently commented on RDSA. Deutsche Bank reaffirmed a “buy” rating on shares of Royal Dutch Shell in a research report on Friday, July 12th. HSBC raised their target price on Royal Dutch Shell from GBX 2,840 ($37.11) to GBX 2,875 ($37.57) and gave the stock a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Royal Dutch Shell in a research report on Monday, November 4th. Morgan Stanley reiterated an “equal weight” rating and set a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell in a report on Friday, July 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,780 ($36.33) price objective on shares of Royal Dutch Shell in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 2,727.30 ($35.64).

Shares of Royal Dutch Shell stock traded down GBX 1.50 ($0.02) during midday trading on Thursday, hitting GBX 2,341 ($30.59). The company’s stock had a trading volume of 5,070,812 shares, compared to its average volume of 6,420,000. The firm has a market capitalization of $98.99 billion and a P/E ratio of 932.30. The stock has a 50-day simple moving average of GBX 2,313.92 and a 200-day simple moving average of GBX 2,420.88. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 46.18. Royal Dutch Shell has a 1-year low of GBX 26.09 ($0.34) and a 1-year high of GBX 2,637.50 ($34.46).

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.

Further Reading: How does a security become overbought?

Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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.