Royal Dutch Shell’s (RDSB) “Buy” Rating Reaffirmed at Royal Bank of Canada
Royal Bank of Canada reiterated their buy rating on shares of Royal Dutch Shell (LON:RDSB) in a research report released on Tuesday morning, Borsen Zeitung reports. Royal Bank of Canada currently has a GBX 2,000 ($24.61) price objective on the stock.
RDSB has been the subject of several other research reports. UBS Group reissued a buy rating and issued a GBX 1,750 ($21.54) price objective (up previously from GBX 1,650 ($20.31)) on shares of Royal Dutch Shell in a report on Monday, June 15th. Credit Suisse Group reiterated a buy rating and set a GBX 1,700 ($20.92) price objective on shares of Royal Dutch Shell in a research note on Friday, May 1st. Bank of America upped their price target on Royal Dutch Shell from GBX 1,810 ($22.27) to GBX 1,935 ($23.81) and gave the company a buy rating in a research report on Monday, June 22nd. Goldman Sachs Group dropped their price target on Royal Dutch Shell from GBX 2,000 ($24.61) to GBX 1,850 ($22.77) and set a buy rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley reiterated a neutral rating and issued a GBX 1,160 ($14.28) price objective on shares of Royal Dutch Shell in a research report on Monday, April 20th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 1,804.28 ($22.20).
Shares of LON:RDSB opened at GBX 1,224 ($15.06) on Tuesday. Royal Dutch Shell has a 12-month low of GBX 8.89 ($0.11) and a 12-month high of GBX 2,641 ($32.50). The business’s fifty day simple moving average is GBX 1,283.54 and its 200-day simple moving average is GBX 1,642.28. The company has a market capitalization of $46.63 billion and a PE ratio of 10.39. The company has a current ratio of 1.12, a quick ratio of 0.77 and a debt-to-equity ratio of 51.84.
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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