Related Articles
Royal Dutch Shell (LON:RDSB) had its target price increased by analysts at JPMorgan Chase & Co. from GBX 2,850 ($37.24) to GBX 2,950 ($38.55) in a research report issued on Wednesday, July 3rd, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 16.03% from the company’s current price.
A number of other equities analysts have also recently commented on RDSB. Jefferies Financial Group initiated coverage on shares of in a report on Wednesday, June 12th. They issued a “hold” rating and a GBX 250 ($3.27) target price on the stock. Goldman Sachs Group upgraded shares of to a “buy” rating and set a GBX 1,180 ($15.42) price objective on the stock in a research report on Tuesday, June 4th. Societe Generale upgraded shares of Royal Dutch Shell to a “buy” rating in a research report on Friday, May 31st. Royal Bank of Canada decreased their target price on shares of Patterson-UTI Energy to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 18th. Finally, HSBC restated a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Royal Dutch Shell currently has a consensus rating of “Buy” and an average target price of GBX 2,996.54 ($39.16).
RDSB stock traded up GBX 11.50 ($0.15) during mid-day trading on Wednesday, hitting GBX 2,542.50 ($33.22). 2,923,556 shares of the company were exchanged, compared to its average volume of 5,080,000. The firm’s fifty day simple moving average is GBX 2,558.93. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 46.21. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,766.50 ($36.15). The stock has a market capitalization of $95.23 billion and a price-to-earnings ratio of 8.98.
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.
Further Reading: Diluted Earnings Per Share
Receive News & Ratings for Royal Dutch Shell Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Dutch Shell and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
