Brokerages Set Royal Dutch Shell plc ADR (RDS.A) Price Target at $79.67
Shares of Royal Dutch Shell plc ADR (NYSE:RDS.A) have been given an average rating of “Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $79.67.
RDS.A has been the subject of several analyst reports. DZ Bank upgraded Royal Dutch Shell from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Zacks Investment Research downgraded Royal Dutch Shell from a “strong-buy” rating to a “hold” rating in a report on Friday, July 6th. Scotiabank reiterated a “buy” rating and issued a $79.00 price target on shares of Royal Dutch Shell in a report on Wednesday, June 13th. Societe Generale downgraded Royal Dutch Shell from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Royal Dutch Shell in a report on Friday, July 27th.
Shares of NYSE:RDS.A traded up $1.67 during trading on Friday, hitting $69.84. 349,066 shares of the stock were exchanged, compared to its average volume of 2,353,958. The firm has a market capitalization of $280.65 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 0.93. Royal Dutch Shell has a 12-month low of $59.51 and a 12-month high of $73.86.
About Royal Dutch Shell
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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