Deutsche Bank Reaffirms Buy Rating for Royal Dutch Shell (LON:RDSB)

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Royal Dutch Shell (LON:RDSB)‘s stock had its “buy” rating restated by Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other research firms have also commented on RDSB. Barclays reaffirmed an “underweight” rating on shares of in a research report on Thursday, July 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($8.10) price target on shares of in a research report on Friday, June 21st. Royal Bank of Canada reduced their price target on shares of Patterson-UTI Energy to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the company an “overweight” rating in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group initiated coverage on shares of in a research report on Wednesday, June 12th. They set a “hold” rating and a GBX 250 ($3.27) price target on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Royal Dutch Shell presently has a consensus rating of “Buy” and an average price target of GBX 2,996.54 ($39.16).

RDSB stock opened at GBX 2,591 ($33.86) on Friday. The stock has a market cap of $97.05 billion and a price-to-earnings ratio of 9.16. 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 firm’s 50 day moving average price is GBX 2,548.17. Royal Dutch Shell has a one year low of GBX 2,227 ($29.10) and a one year high of GBX 2,766.50 ($36.15).

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.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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