Berenberg Bank Lowers Royal Dutch Shell (LON:RDSB) Price Target to GBX 2,750

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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.

The business also recently declared 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 of this dividend is Thursday, August 15th. Royal Dutch Shell’s dividend payout ratio (DPR) is presently 0.61%.

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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