Royal Bank of Canada set a GBX 1,700 ($22.36) price target on Royal Dutch Shell (LON:RDSB) in a research note released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts also recently weighed in on RDSB. JPMorgan Chase & Co. downgraded Royal Dutch Shell to a neutral rating in a report on Thursday, March 12th. Sanford C. Bernstein reiterated a buy rating and issued a GBX 3,300 ($43.41) price target on shares of Royal Dutch Shell in a report on Thursday, February 27th. Societe Generale cut their price target on Royal Dutch Shell from GBX 2,700 ($35.52) to GBX 2,550 ($33.54) and set a buy rating for the company in a report on Tuesday, February 4th. UBS Group reiterated a buy rating and issued a GBX 1,800 ($23.68) price target (down from GBX 2,450 ($32.23)) on shares of Royal Dutch Shell in a report on Tuesday, March 17th. Finally, Kepler Capital Markets cut their price target on Royal Dutch Shell from GBX 2,764.08 ($36.36) to GBX 2,529.22 ($33.27) and set a buy rating for the company in a report on Friday, January 24th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 2,437.45 ($32.06).
Shares of RDSB opened at GBX 1,374 ($18.07) on Monday. The stock has a fifty day moving average of GBX 1,593.94 and a two-hundred day moving average of GBX 2,090.66. The company has a debt-to-equity ratio of 50.63, a quick ratio of 0.72 and a current ratio of 1.16. The company has a market capitalization of $56.50 billion and a PE ratio of 7.05. Royal Dutch Shell has a fifty-two week low of GBX 8.89 ($0.12) and a fifty-two week high of GBX 2,647 ($34.82).
The business also recently disclosed a dividend, which was paid on Monday, March 23rd. Stockholders of record on Thursday, February 13th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a dividend yield of 1.7%. Royal Dutch Shell’s dividend payout ratio is presently 0.75%.
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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