Royal Dutch Shell (LON:RDSB) was upgraded by analysts at HSBC to a “buy” rating in a note issued to investors on Monday, Borsen Zeitung reports. The brokerage presently has a GBX 2,740 ($35.80) price objective on the stock, up from their previous price objective of GBX 2,730 ($35.67). HSBC’s price objective suggests a potential upside of 11.04% from the company’s current price.
RDSB has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “hold” rating on shares of Royal Dutch Shell in a report on Thursday, April 11th. Morgan Stanley set a GBX 2,490 ($32.54) price objective on Royal Dutch Shell and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank set a GBX 2,650 ($34.63) price objective on Royal Dutch Shell and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. UBS Group reiterated a “buy” rating and set a GBX 2,900 ($37.89) price objective on shares of Royal Dutch Shell in a research note on Thursday, May 2nd. Finally, Barclays set a GBX 3,250 ($42.47) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, February 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,992.69 ($39.10).
LON RDSB traded up GBX 34.50 ($0.45) during trading hours on Monday, reaching GBX 2,467.50 ($32.24). The company’s stock had a trading volume of 2,077,906 shares, compared to its average volume of 5,080,000. The stock has a market capitalization of $92.32 billion and a price-to-earnings ratio of 8.72. Royal Dutch Shell has a 1-year low of GBX 2,227 ($29.10) and a 1-year high of GBX 2,844.50 ($37.17). The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21.
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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