Royal Dutch Shell (LON:RDSB) Price Target Cut to GBX 2,780 by Analysts at Jefferies Financial Group

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Royal Dutch Shell (LON:RDSB) had its price objective trimmed by Jefferies Financial Group from GBX 2,900 ($37.89) to GBX 2,780 ($36.33) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on RDSB. Deutsche Bank reaffirmed a buy rating on shares of Royal Dutch Shell in a research note on Friday, July 12th. Morgan Stanley reiterated an equal weight rating and set a GBX 2,490 ($32.54) price target on shares of Royal Dutch Shell in a research report on Friday, July 12th. Berenberg Bank reiterated a hold rating and set a GBX 2,750 ($35.93) price target on shares of Royal Dutch Shell in a research report on Wednesday, October 9th. Credit Suisse Group set a GBX 3,000 ($39.20) price target on Royal Dutch Shell and gave the stock a buy rating in a research report on Monday, October 7th. Finally, Barclays dropped their price target on Royal Dutch Shell from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set an equal weight rating for the company in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Royal Dutch Shell currently has a consensus rating of Buy and a consensus target price of GBX 2,870.77 ($37.51).

Shares of RDSB stock traded down GBX 19.50 ($0.25) during trading hours on Thursday, hitting GBX 2,226.50 ($29.09). 4,998,104 shares of the company’s stock were exchanged, compared to its average volume of 5,080,000. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 47.21. The firm has a market cap of $83.27 billion and a P/E ratio of 8.97. The firm has a 50 day moving average of GBX 2,305.01 and a two-hundred day moving average of GBX 2,444.02. Royal Dutch Shell has a fifty-two week low of GBX 2,160 ($28.22) and a fifty-two week high of GBX 2,647 ($34.59).

The company also recently declared a dividend, which was paid on Monday, September 23rd. Investors of record on Thursday, August 15th were given a dividend of $0.47 per share. This represents a dividend yield of 1.48%. The ex-dividend date was Thursday, August 15th. Royal Dutch Shell’s payout ratio is 0.61%.

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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