Bank of America Increases Royal Dutch Shell (LON:RDSB) Price Target to GBX 3,100

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Royal Dutch Shell (LON:RDSB) had its target price hoisted by Bank of America from GBX 2,660 ($34.76) to GBX 3,100 ($40.51) in a research note published on Friday morning, Digital Look reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on RDSB. HSBC boosted their price objective on shares of Royal Dutch Shell from GBX 2,860 ($37.37) to GBX 2,875 ($37.57) and gave the company a buy rating in a report on Wednesday, July 10th. Deutsche Bank reissued a buy rating on shares of Royal Dutch Shell in a report on Friday, July 12th. Credit Suisse Group set a GBX 3,010 ($39.33) price target on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Friday. Jefferies Financial Group set a GBX 3,050 ($39.85) price target on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday, June 12th. Finally, Berenberg Bank set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell and gave the stock a neutral rating in a report on Friday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Royal Dutch Shell presently has a consensus rating of Buy and an average target price of GBX 3,026.07 ($39.54).

LON RDSB opened at GBX 2,337.50 ($30.54) on Friday. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 47.21. The company has a market cap of $87.55 billion and a P/E ratio of 9.42. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,725.50 ($35.61). The firm has a 50-day simple moving average of GBX 2,562.76.

The business also recently disclosed a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 15th will be paid a $0.47 dividend. This represents a yield of 1.48%. The ex-dividend date is Thursday, August 15th. Royal Dutch Shell’s payout ratio is 0.62%.

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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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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