Royal Dutch Shell (LON:RDSB) Given a GBX 3,640 Price Target at Goldman Sachs Group

Goldman Sachs Group set a GBX 3,640 ($47.56) price objective on Royal Dutch Shell (LON:RDSB) in a report issued on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

RDSB has been the topic of a number of other research reports. Royal Bank of Canada set a GBX 2,750 ($35.93) price target on shares of Royal Dutch Shell and gave the company a neutral rating in a research note on Wednesday. Deutsche Bank restated a buy rating on shares of Royal Dutch Shell in a research note on Friday, July 12th. Societe Generale upgraded shares of Royal Dutch Shell to a buy rating in a research note on Friday, May 31st. Credit Suisse Group set a GBX 3,090 ($40.38) price target on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group set a GBX 3,050 ($39.85) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a research note on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 3,026.07 ($39.54).

Royal Dutch Shell stock traded down GBX 63.50 ($0.83) during mid-day trading on Thursday, reaching GBX 2,408.50 ($31.47). 6,702,417 shares of the company traded hands, compared to its average volume of 5,080,000. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 46.21. 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 firm has a market capitalization of $90.21 billion and a P/E ratio of 8.51. The company has a fifty day moving average price of GBX 2,572.37.

The company also recently declared a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.47 per share. 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 0.52%.

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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