Berenberg Bank reissued their hold rating on shares of Royal Dutch Shell (LON:RDSB) in a research note published on Wednesday morning, Digital Look reports. Berenberg Bank currently has a GBX 2,750 ($35.93) target price on the stock.
Other research analysts have also issued research reports about the company. Societe Generale restated a buy rating on shares of Royal Dutch Shell in a research report on Tuesday, September 10th. Morgan Stanley restated an equal weight rating and set a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell in a research report on Friday, July 12th. HSBC set a GBX 2,500 ($32.67) price objective on Royal Dutch Shell and gave the company a neutral rating in a research report on Wednesday, September 11th. Jefferies Financial Group set a GBX 3,050 ($39.85) price objective on Royal Dutch Shell and gave the company a buy rating in a research report on Wednesday, June 12th. Finally, Deutsche Bank restated a buy rating on shares of Royal Dutch Shell in a research report on Friday, July 12th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 2,891.54 ($37.78).
Shares of Royal Dutch Shell stock opened at GBX 2,282 ($29.82) on Wednesday. The firm has a market cap of $85.21 billion and a price-to-earnings ratio of 9.19. The business has a 50-day moving average price of GBX 2,307.36 and a 200-day moving average price of GBX 2,449. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 47.21. Royal Dutch Shell has a twelve month low of GBX 2,227 ($29.10) and a twelve month high of GBX 2,657 ($34.72).
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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