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Credit Suisse Group set a GBX 3,090 ($40.38) price objective on Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Wednesday, July 10th, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also recently issued reports on RDSB. Morgan Stanley set a €9.00 ($10.47) target price on shares of Commerzbank and gave the stock a neutral rating in a report on Thursday, May 9th. Royal Bank of Canada dropped their price target on shares of Patterson-UTI Energy to $21.00 and set an outperform rating on the stock in a research note on Tuesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the company an overweight rating in a research note on Wednesday, July 3rd. HSBC reissued a hold rating on shares of Royal Mail in a research note on Friday, June 7th. Finally, Barclays reissued an underweight rating on shares of in a research note on Thursday, July 4th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 2,996.54 ($39.16).
Royal Dutch Shell stock traded down GBX 24.50 ($0.32) during trading hours on Wednesday, hitting GBX 2,545.50 ($33.26). The stock had a trading volume of 3,626,201 shares, compared to its average volume of 5,080,000. The company has a debt-to-equity ratio of 46.21, a current ratio of 1.16 and a quick ratio of 0.80. The company has a market cap of $95.34 billion and a PE ratio of 8.99. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,757.50 ($36.03). The stock has a 50-day simple moving average of GBX 2,566.51.
The firm also recently announced a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 16th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, May 16th. This represents a yield of 1.48%. Royal Dutch Shell’s dividend payout ratio (DPR) is presently 0.52%.
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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