Royal Bank of Canada Reiterates “Sector Performer” Rating for Royal Dutch Shell (LON:RDSB)
Royal Bank of Canada reaffirmed their sector performer rating on shares of Royal Dutch Shell (LON:RDSB) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms have also issued reports on RDSB. Berenberg Bank set a GBX 2,900 ($37.89) price target on Royal Dutch Shell and gave the stock a neutral rating in a research report on Friday, August 2nd. Morgan Stanley reaffirmed an equal weight rating and issued a GBX 2,490 ($32.54) price target on shares of Royal Dutch Shell in a research report on Friday, July 12th. Bank of America lifted their price target 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 research report on Friday, August 2nd. Goldman Sachs Group set a GBX 3,640 ($47.56) price target on Royal Dutch Shell and gave the stock a buy rating in a research report on Thursday, August 1st. Finally, UBS Group reaffirmed a buy rating on shares of Royal Dutch Shell in a research report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 2,995.71 ($39.14).
RDSB opened at GBX 2,279.50 ($29.79) on Thursday. The stock has a 50-day moving average price of GBX 2,369.44 and a 200-day moving average price of GBX 2,456.34. The company has a debt-to-equity ratio of 47.21, a current ratio of 1.10 and a quick ratio of 0.73. The firm has a market cap of $85.26 billion and a PE ratio of 9.18. Royal Dutch Shell has a 1 year low of GBX 2,227 ($29.10) and a 1 year high of GBX 2,725.50 ($35.61).
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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