Royal Dutch Shell (LON:RDSB)‘s stock had its “sector performer” rating reiterated by analysts at Royal Bank of Canada in a report released on Thursday, October 31st, Borsen Zeitung reports. They currently have a GBX 2,600 ($33.97) price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 11.61% from the company’s current price.
RDSB has been the topic of several other reports. Credit Suisse Group set a GBX 3,000 ($39.20) price target on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Monday, October 7th. Sanford C. Bernstein set a GBX 3,400 ($44.43) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Monday, September 16th. Bank of America increased their price objective on shares of Royal Dutch Shell from GBX 2,660 ($34.76) to GBX 3,100 ($40.51) and gave the stock a “buy” rating in a report on Friday, August 2nd. Morgan Stanley reiterated an “equal weight” rating and set a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. set a GBX 2,900 ($37.89) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Royal Dutch Shell currently has a consensus rating of “Buy” and a consensus target price of GBX 2,810 ($36.72).
LON RDSB traded down GBX 5.50 ($0.07) during trading hours on Thursday, reaching GBX 2,329.50 ($30.44). The company’s stock had a trading volume of 5,235,564 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a fifty-two week low of GBX 2,160 ($28.22) and a fifty-two week high of GBX 2,647 ($34.59). The stock has a market cap of $86.98 billion and a PE ratio of 9.28. The company’s 50-day moving average is GBX 2,307.67 and its two-hundred day moving average is GBX 2,424.86. The company has a debt-to-equity ratio of 46.18, a quick ratio of 0.75 and a current ratio of 1.15.
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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