Royal Dutch Shell (RDSB) Earns “Hold” Rating from Berenberg Bank
Berenberg Bank reiterated their hold rating on shares of Royal Dutch Shell (LON:RDSB) in a research report report published on Thursday, Digital Look reports. The firm currently has a GBX 2,700 ($35.28) price target on the stock.
Several other equities research analysts have also commented on RDSB. Deutsche Bank upgraded Royal Dutch Shell to a buy rating and upped their target price for the company from GBX 2,650 ($34.63) to GBX 2,700 ($35.28) in a research report on Tuesday, May 14th. HSBC upgraded Royal Dutch Shell to a buy rating and upped their target price for the company from GBX 2,730 ($35.67) to GBX 2,740 ($35.80) in a research report on Monday, May 13th. Morgan Stanley set a GBX 2,490 ($32.54) target price on Royal Dutch Shell and gave the company a neutral rating in a research report on Thursday, May 9th. Credit Suisse Group set a GBX 3,175 ($41.49) target price on Royal Dutch Shell and gave the company a buy rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada set a GBX 2,750 ($35.93) price target on Royal Dutch Shell and gave the stock a neutral rating in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 2,965.77 ($38.75).
Shares of Royal Dutch Shell stock opened at GBX 2,529.50 ($33.05) on Thursday. Royal Dutch Shell has a one year low of GBX 2,227 ($29.10) and a one year high of GBX 2,844.50 ($37.17). The company has a debt-to-equity ratio of 46.21, a quick ratio of 0.80 and a current ratio of 1.16. The stock has a market cap of $95.01 billion and a P/E ratio of 8.94.
About Royal Dutch Shell
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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