Royal Dutch Shell (LON:RDSA) PT Lowered to GBX 2,750 at Royal Bank of Canada
Royal Dutch Shell (LON:RDSA) had its price objective decreased by Royal Bank of Canada from GBX 2,800 ($36.59) to GBX 2,750 ($35.93) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports. Royal Bank of Canada currently has an outperform rating on the stock.
Other equities analysts also recently issued research reports about the stock. HSBC raised shares of AU Optronics from a reduce rating to a hold rating in a research note on Wednesday, July 10th. Credit Suisse Group initiated coverage on shares of LTC Properties in a research note on Wednesday, July 10th. They set an underperform rating and a $19.00 target price for the company. Barclays reaffirmed an underweight rating on shares of in a research note on Thursday, July 4th. UBS Group reissued a buy rating and set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a research report on Wednesday, May 29th. Finally, Morgan Stanley set a $207.00 price target on shares of Alibaba Group and gave the company a buy rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 2,940.38 ($38.42).
Shares of LON RDSA opened at GBX 2,539 ($33.18) on Thursday. Royal Dutch Shell has a fifty-two week low of GBX 2,209.50 ($28.87) and a fifty-two week high of GBX 2,687 ($35.11). The firm’s 50 day simple moving average is GBX 2,540.13. The company has a market capitalization of $109.74 billion and a P/E ratio of 897.17. 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 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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