Royal Bank of Canada Reiterates “GBX 1,700” Price Target for Royal Dutch Shell (LON:RDSB)
Royal Bank of Canada set a GBX 1,700 ($22.36) target price on Royal Dutch Shell (LON:RDSB) in a report published on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts also recently issued reports on the stock. UBS Group reaffirmed a buy rating and set a GBX 1,800 ($23.68) price target (down previously from GBX 2,450 ($32.23)) on shares of Royal Dutch Shell in a research note on Tuesday, March 17th. JPMorgan Chase & Co. lowered shares of Royal Dutch Shell to a neutral rating in a report on Thursday, March 12th. Sanford C. Bernstein reissued a buy rating and set a GBX 3,300 ($43.41) price objective on shares of Royal Dutch Shell in a report on Thursday, February 27th. Barclays decreased their price objective on shares of Royal Dutch Shell from GBX 2,850 ($37.49) to GBX 2,800 ($36.83) and set an equal weight rating for the company in a report on Thursday, January 30th. Finally, Goldman Sachs Group reissued a buy rating on shares of Royal Dutch Shell in a report on Wednesday, March 18th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of GBX 2,437.45 ($32.06).
Royal Dutch Shell stock opened at GBX 1,417.40 ($18.65) on Monday. Royal Dutch Shell has a 12-month low of GBX 8.89 ($0.12) and a 12-month high of GBX 2,647 ($34.82). The company has a market capitalization of $53.96 billion and a price-to-earnings ratio of 7.27. The company has a debt-to-equity ratio of 50.63, a current ratio of 1.16 and a quick ratio of 0.72. The firm’s fifty day moving average price is GBX 1,607.65 and its 200 day moving average price is GBX 2,095.43.
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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