Royal Dutch Shell (LON:RDSB) has been given a GBX 2,750 ($35.93) price objective by analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 7.72% from the stock’s current price.
Several other research analysts also recently commented on RDSB. UBS Group reiterated a “buy” rating and set a GBX 2,900 ($37.89) target price on shares of Royal Dutch Shell in a research note on Wednesday, June 5th. Credit Suisse Group set a GBX 3,175 ($41.49) price target on Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday, June 5th. HSBC lifted their price target on Royal Dutch Shell from GBX 2,740 ($35.80) to GBX 2,860 ($37.37) and gave the stock a “buy” rating in a report on Friday, June 7th. Berenberg Bank reissued a “hold” rating and set a GBX 2,700 ($35.28) price target on shares of Royal Dutch Shell in a report on Thursday, May 16th. Finally, Goldman Sachs Group set a GBX 3,350 ($43.77) price target on Royal Dutch Shell and gave the stock a “buy” rating in a report on Tuesday, June 4th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,987.50 ($39.04).
Shares of LON RDSB opened at GBX 2,553 ($33.36) on Monday. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 46.21. Royal Dutch Shell has a 12 month low of GBX 2,227 ($29.10) and a 12 month high of GBX 2,792.50 ($36.49). The company has a market cap of $95.44 billion and a PE ratio of 9.02.
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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