Royal Bank of Canada Analysts Give Royal Dutch Shell (LON:RDSB) a GBX 2,750 Price Target

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Royal Dutch Shell (LON:RDSB) received a GBX 2,750 ($35.93) target price from equities researchers at Royal Bank of Canada in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 9.28% from the stock’s previous close.

RDSB has been the topic of several other reports. Berenberg Bank restated a “hold” rating on shares of Royal Dutch Shell in a report on Thursday, April 11th. HSBC set a GBX 2,785 ($36.39) price objective on shares of Royal Dutch Shell and gave the stock a “neutral” rating in a report on Thursday, March 14th. Morgan Stanley set a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell and gave the stock a “neutral” rating in a report on Thursday, May 9th. Credit Suisse Group set a GBX 3,175 ($41.49) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Finally, Goldman Sachs Group set a GBX 3,350 ($43.77) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 2,987.50 ($39.04).

Shares of RDSB stock opened at GBX 2,516.50 ($32.88) on Monday. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21. Royal Dutch Shell has a one year low of GBX 2,227 ($29.10) and a one year high of GBX 2,792.50 ($36.49). The company has a market capitalization of $94.08 billion and a PE ratio of 8.89.

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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