Home / Royal Mail / Royal Dutch Shell’s (RDSB) Hold Rating Reaffirmed at Berenberg Bank

Royal Dutch Shell’s (RDSB) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Royal Dutch Shell (LON:RDSB) in a report published on Friday, June 21st, Digital Look reports. Berenberg Bank currently has a GBX 2,800 ($36.59) target price on the stock.

Several other research firms have also recently issued reports on RDSB. Credit Suisse Group reiterated an outperform rating on shares of in a research report on Wednesday, June 5th. JPMorgan Chase & Co. set a $44.00 price objective on Charles Schwab and gave the stock a buy rating in a research report on Friday, June 21st. HSBC reiterated a hold rating on shares of Royal Mail in a research report on Friday, June 7th. Morgan Stanley set a €9.00 ($10.47) price objective on Commerzbank and gave the stock a neutral rating in a research report on Thursday, May 9th. Finally, Barclays reiterated a top pick rating and issued a GBX 3,250 ($42.47) price objective on shares of in a research report on Wednesday, June 19th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 2,996.54 ($39.16).

Shares of LON RDSB traded down GBX 15.50 ($0.20) during mid-day trading on Friday, hitting GBX 2,591 ($33.86). 3,387,918 shares of the company were exchanged, compared to its average volume of 5,080,000. The company has a debt-to-equity ratio of 46.21, a quick ratio of 0.80 and a current ratio of 1.16. The business’s 50 day moving average is GBX 2,548.17. Royal Dutch Shell has a 1-year low of GBX 2,227 ($29.10) and a 1-year high of GBX 2,766.50 ($36.15). The company has a market capitalization of $97.05 billion and a price-to-earnings ratio of 9.16.

The company also recently declared a dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, May 16th were given a $0.47 dividend. This represents a dividend yield of 1.48%. The ex-dividend date was Thursday, May 16th. Royal Dutch Shell’s dividend payout ratio is currently 0.52%.

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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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)



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