Royal Dutch Shell (LON:RDSB) Given “Hold” Rating at Berenberg Bank
Berenberg Bank reiterated their hold rating on shares of Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Friday morning, Digital Look reports. They currently have a GBX 2,800 ($36.59) price objective on the stock.
RDSB has been the topic of several other research reports. HSBC set a GBX 2,785 ($36.39) target price on shares of Royal Dutch Shell and gave the company a neutral rating in a report on Thursday, March 14th. Morgan Stanley set a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell and gave the stock a neutral rating in a report on Thursday, May 9th. Credit Suisse Group set a GBX 3,175 ($41.49) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Wednesday, May 22nd. Goldman Sachs Group set a GBX 3,350 ($43.77) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a report on Friday, May 17th. Finally, Deutsche Bank set a GBX 2,650 ($34.63) price objective on shares of Royal Dutch Shell and gave the stock a neutral rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Royal Dutch Shell currently has a consensus rating of Buy and an average target price of GBX 2,987.50 ($39.04).
Shares of LON:RDSB opened at GBX 2,598.50 ($33.95) on Friday. The stock has a market capitalization of $97.14 billion and a P/E ratio of 9.18. The company has a 50-day moving average price of GBX 2,509.65. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21. Royal Dutch Shell has a fifty-two week low of GBX 2,227 ($29.10) and a fifty-two week high of GBX 2,792.50 ($36.49).
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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