Royal Dutch Shell (LON:RDSB) Given a GBX 3,090 Price Target by Credit Suisse Group Analysts

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Royal Dutch Shell (LON:RDSB) has been assigned a GBX 3,090 ($40.38) target price by investment analysts at Credit Suisse Group in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 18.21% from the stock’s current price.

A number of other brokerages have also commented on RDSB. Societe Generale raised shares of Royal Dutch Shell to a “buy” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. boosted their price objective on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the stock an “overweight” rating in a research report on Wednesday, July 3rd. UBS Group reissued a “buy” rating and issued a $190.00 price objective on shares of salesforce.com in a research report on Wednesday, June 5th. Barclays reissued an “underweight” rating on shares of in a research report on Thursday, July 4th. Finally, Goldman Sachs Group raised shares of to a “buy” rating and set a GBX 1,180 ($15.42) price objective on the stock in a research report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,996.54 ($39.16).

Shares of RDSB stock opened at GBX 2,614 ($34.16) on Wednesday. The stock has a fifty day simple moving average of GBX 2,546.06. The company has a debt-to-equity ratio of 46.21, a quick ratio of 0.80 and a current ratio of 1.16. The company has a market capitalization of $97.91 billion and a price-to-earnings ratio of 9.24. 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).

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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