Royal Dutch Shell (LON:RDSB) Earns Hold Rating from Berenberg Bank
Royal Dutch Shell (LON:RDSB)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on RDSB. Societe Generale reduced their price target on shares of Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,700 ($35.28) and set a “buy” rating for the company in a research report on Friday, November 1st. HSBC cut their target price on shares of Royal Dutch Shell from GBX 2,500 ($32.67) to GBX 2,480 ($32.41) and set a “buy” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Royal Dutch Shell in a report on Monday, November 4th. Jefferies Financial Group cut their target price on shares of Royal Dutch Shell from GBX 2,900 ($37.89) to GBX 2,780 ($36.33) and set a “buy” rating for the company in a report on Thursday, October 17th. Finally, Oddo Bhf set a GBX 2,650 ($34.63) target price on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Royal Dutch Shell has a consensus rating of “Buy” and a consensus price target of GBX 2,810 ($36.72).
RDSB opened at GBX 2,276 ($29.74) on Tuesday. Royal Dutch Shell has a 12-month low of GBX 8.89 ($0.12) and a 12-month high of GBX 2,647 ($34.59). The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 46.18. The firm has a market capitalization of $84.84 billion and a PE ratio of 9.06. The firm has a 50 day moving average of GBX 2,298.91 and a two-hundred day moving average of GBX 2,416.42.
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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