Royal Dutch Shell (RDSA) PT Lowered to GBX 2,950
Royal Dutch Shell (LON:RDSA) had its target price dropped by stock analysts at Jefferies Financial Group from GBX 3,350 ($43.77) to GBX 2,950 ($38.55) in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 18.31% from the stock’s previous close.
A number of other research analysts also recently commented on RDSA. Barclays reissued an “overweight” rating and issued a GBX 3,250 ($42.47) price objective on shares of Royal Dutch Shell in a research report on Thursday, April 4th. Morgan Stanley reissued an “equal weight” rating on shares of Royal Dutch Shell in a research report on Monday, December 10th. Credit Suisse Group reissued an “outperform” rating on shares of Royal Dutch Shell in a research report on Wednesday, December 12th. HSBC lifted their price objective on shares of Royal Dutch Shell from GBX 2,640 ($34.50) to GBX 2,750 ($35.93) and gave the company a “hold” rating in a research report on Wednesday, February 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Royal Dutch Shell in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,958.85 ($38.66).
Shares of RDSA opened at GBX 2,493.50 ($32.58) on Tuesday. Royal Dutch Shell has a one year low of GBX 2,419 ($31.61) and a one year high of GBX 2,525.50 ($33.00). The stock has a market capitalization of $206.47 billion and a PE ratio of 890.54. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 37.93.
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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