Royal Dutch Shell (RDSB) Rating Increased to Buy at HSBC
HSBC upgraded shares of Royal Dutch Shell (LON:RDSB) to a buy rating in a research report sent to investors on Monday, Borsen Zeitung reports. They currently have GBX 2,740 ($35.80) price target on the stock, up from their prior price target of GBX 2,730 ($35.67).
A number of other brokerages also recently issued reports on RDSB. JPMorgan Chase & Co. decreased their price objective on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,700 ($35.28) and set an overweight rating on the stock in a research report on Friday, January 18th. Deutsche Bank restated a hold rating and set a GBX 2,650 ($34.63) price objective on shares of Royal Dutch Shell in a research report on Tuesday, January 22nd. Royal Bank of Canada set a GBX 2,900 ($37.89) price objective on Royal Dutch Shell and gave the company a buy rating in a research report on Thursday, January 31st. Goldman Sachs Group set a GBX 3,300 ($43.12) price objective on Royal Dutch Shell and gave the company a buy rating in a research report on Thursday, January 31st. Finally, Credit Suisse Group set a GBX 3,175 ($41.49) price objective on Royal Dutch Shell and gave the company a buy rating in a research report on Thursday, January 31st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 2,996.54 ($39.16).
LON:RDSB opened at GBX 2,514.50 ($32.86) on Monday. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21. The stock has a market capitalization of $94.00 billion and a P/E ratio of 8.89. Royal Dutch Shell has a 12 month low of GBX 2,227 ($29.10) and a 12 month high of GBX 2,844.50 ($37.17).
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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