HSBC set a GBX 2,710 ($35.41) price objective on Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Thursday, April 11th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other brokerages also recently issued reports on RDSB. Goldman Sachs Group lifted their price target on Royal Dutch Shell from GBX 3,150 ($41.16) to GBX 3,300 ($43.12) and gave the company a buy rating in a research report on Monday, January 7th. Deutsche Bank cut Royal Dutch Shell to a hold rating and decreased their price objective for the company from GBX 2,800 ($36.59) to GBX 2,650 ($34.63) in a report on Monday, February 18th. Morgan Stanley decreased their price objective on Royal Dutch Shell from GBX 2,580 ($33.71) to GBX 2,180 ($28.49) and set an underweight rating on the stock in a report on Tuesday, January 8th. Credit Suisse Group set a GBX 3,030 ($39.59) price objective on Royal Dutch Shell and gave the company a buy rating in a report on Monday, December 31st. Finally, Royal Bank of Canada cut Royal Dutch Shell to a sector performer rating and decreased their price objective for the company from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) in a report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 2,966.54 ($38.76).
LON RDSB traded down GBX 2.50 ($0.03) during trading hours on Thursday, hitting GBX 2,472.50 ($32.31). The company had a trading volume of 4,047,722 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a 52 week low of GBX 2,227 ($29.10) and a 52 week high of GBX 2,844.50 ($37.17). The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 37.93. The company has a market cap of $92.43 billion and a P/E ratio of 8.83.
About Royal Dutch Shell
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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