Royal Dutch Shell (LON:RDSB) had its price target reduced by Berenberg Bank from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) in a research report report published on Monday morning, Borsen Zeitung reports. Berenberg Bank currently has a hold rating on the stock.
RDSB has been the subject of a number of other research reports. Jefferies Financial Group set a GBX 3,050 ($39.85) target price on Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday, June 12th. Barclays set a GBX 3,100 ($40.51) target price on Royal Dutch Shell and gave the stock a neutral rating in a report on Tuesday, September 10th. Deutsche Bank reissued a buy rating on shares of Royal Dutch Shell in a report on Friday, July 12th. Sanford C. Bernstein set a GBX 3,400 ($44.43) target price on Royal Dutch Shell and gave the stock a buy rating in a report on Tuesday, August 27th. Finally, Societe Generale reissued a buy rating on shares of Royal Dutch Shell in a report on Tuesday, September 10th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 2,981.43 ($38.96).
RDSB opened at GBX 2,328.50 ($30.43) on Monday. Royal Dutch Shell has a fifty-two week low of GBX 2,227 ($29.10) and a fifty-two week high of GBX 2,725.50 ($35.61). The company has a debt-to-equity ratio of 47.21, a quick ratio of 0.73 and a current ratio of 1.10. The company has a market capitalization of $87.70 billion and a P/E ratio of 9.38. The stock has a fifty day moving average of GBX 2,341.26 and a 200-day moving average of GBX 2,453.21.
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.
See Also: Convertible Shares
Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.