Royal Dutch Shell (LON:RDSB) had its price objective reduced by equities research analysts at HSBC from GBX 2,800 ($36.59) to GBX 2,730 ($35.67) in a research report issued to clients and investors on Wednesday, April 10th, Borsen Zeitung reports. The brokerage presently has a “hold” rating on the stock. HSBC’s price objective suggests a potential upside of 10.41% from the stock’s previous close.
RDSB has been the subject of a number of other reports. Credit Suisse Group set a GBX 3,030 ($39.59) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday, December 19th. Barclays cut 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 report on Thursday, January 10th. Deutsche Bank restated a “hold” rating and set a GBX 2,650 ($34.63) price objective on shares of Royal Dutch Shell in a report on Tuesday, January 22nd. UBS Group set a GBX 2,950 ($38.55) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Friday, January 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 3,200 ($41.81) price objective on shares of Royal Dutch Shell in a report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Royal Dutch Shell presently has an average rating of “Buy” and an average target price of GBX 2,966.54 ($38.76).
Shares of RDSB traded down GBX 2.50 ($0.03) during trading hours on Wednesday, reaching GBX 2,472.50 ($32.31). 4,047,722 shares of the company traded hands, compared to its average volume of 5,080,000. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,844.50 ($37.17). The firm has a market capitalization of $92.43 billion and a P/E ratio of 8.83. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 37.93.
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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