HSBC set a GBX 2,500 ($32.67) price target on Royal Dutch Shell (LON:RDSB) in a research report released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other research firms have also recently issued reports on RDSB. Bank of America lifted their price objective on Royal Dutch Shell from GBX 2,660 ($34.76) to GBX 3,100 ($40.51) and gave the stock a buy rating in a report on Friday, August 2nd. Jefferies Financial Group set a GBX 3,050 ($39.85) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday, June 12th. Credit Suisse Group set a GBX 3,010 ($39.33) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Friday, August 2nd. Deutsche Bank reiterated a buy rating on shares of Royal Dutch Shell in a report on Friday, July 12th. Finally, Berenberg Bank set a GBX 2,900 ($37.89) price objective on Royal Dutch Shell and gave the stock a neutral rating in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 2,995.71 ($39.14).
RDSB stock opened at GBX 2,279.50 ($29.79) on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 47.21. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,725.50 ($35.61). The stock has a market cap of $85.26 billion and a price-to-earnings ratio of 9.18. The business’s 50-day moving average is GBX 2,369.44 and its 200 day moving average is GBX 2,456.34.
The firm also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders 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 0.63%.
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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