Credit Suisse Group set a GBX 1,700 ($20.92) price objective on Royal Dutch Shell (LON:RDSB) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also recently issued reports on RDSB. UBS Group reissued a buy rating and set a GBX 1,750 ($21.54) price objective (up previously from GBX 1,650 ($20.31)) on shares of Royal Dutch Shell in a report on Monday, June 15th. Royal Bank of Canada reissued a buy rating and set a GBX 2,000 ($24.61) price objective on shares of Royal Dutch Shell in a report on Tuesday. Berenberg Bank reissued a neutral rating and set a GBX 1,440 ($17.72) price objective on shares of Royal Dutch Shell in a report on Tuesday. Barclays set a GBX 1,500 ($18.46) price objective on Royal Dutch Shell and gave the stock a neutral rating in a report on Friday, May 1st. Finally, HSBC decreased their target price on Royal Dutch Shell from GBX 1,545 ($19.01) to GBX 1,500 ($18.46) and set a neutral rating on the stock in a research note on Thursday, May 14th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 1,801.61 ($22.17).
Shares of RDSB opened at GBX 1,246.20 ($15.34) on Tuesday. The stock’s 50-day simple moving average is GBX 1,282.92 and its 200 day simple moving average is GBX 1,633.24. The stock has a market capitalization of $46.19 billion and a price-to-earnings ratio of 10.19. The company has a debt-to-equity ratio of 51.84, a quick ratio of 0.77 and a current ratio of 1.12. Royal Dutch Shell has a 52-week low of GBX 8.89 ($0.11) and a 52-week high of GBX 2,641 ($32.50).
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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