Royal Dutch Shell (RDSB) Given a GBX 3,350 Price Target by Goldman Sachs Group Analysts

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Goldman Sachs Group set a GBX 3,350 ($43.77) target price on Royal Dutch Shell (LON:RDSB) in a report published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada reissued an outperform rating and set a GBX 3,200 ($41.81) target price on shares of Royal Dutch Shell in a report on Friday, January 4th. UBS Group set a GBX 2,950 ($38.55) price target on shares of Royal Dutch Shell and gave the stock a buy rating in a research report on Friday, January 4th. Berenberg Bank dropped their price objective on Royal Dutch Shell from GBX 2,950 ($38.55) to GBX 2,600 ($33.97) and set a hold rating on the stock in a report on Wednesday, January 9th. Morgan Stanley lowered their price target on Royal Dutch Shell from GBX 2,580 ($33.71) to GBX 2,180 ($28.49) and set an underweight rating on the stock in a report on Tuesday, January 8th. Finally, Barclays lowered their price objective on shares of Royal Dutch Shell from GBX 3,300 ($43.12) to GBX 3,250 ($42.47) and set an overweight rating on the stock in a research note on Thursday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Royal Dutch Shell has an average rating of Buy and an average price target of GBX 2,966.54 ($38.76).

RDSB traded down GBX 2.50 ($0.03) during trading on Thursday, hitting GBX 2,472.50 ($32.31). The company had a trading volume of 3,882,249 shares, compared to its average volume of 5,080,000. The stock has a market capitalization of $92.43 billion and a PE ratio of 8.83. The company has a debt-to-equity ratio of 37.93, a current ratio of 1.25 and a quick ratio of 0.82. Royal Dutch Shell has a 1-year low of GBX 2,227 ($29.10) and a 1-year high of GBX 2,844.50 ($37.17).

The company also recently announced a dividend, which will be paid on Monday, June 24th. Investors of record on Thursday, May 16th will be given a $0.47 dividend. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.48%. Royal Dutch Shell’s dividend payout ratio (DPR) is currently 0.51%.

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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