Royal Dutch Shell (RDSB) Upgraded at Deutsche Bank
Royal Dutch Shell (LON:RDSB) was upgraded by stock analysts at Deutsche Bank to a “buy” rating in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a GBX 2,700 ($35.28) price objective on the stock, up from their prior price objective of GBX 2,650 ($34.63). Deutsche Bank’s price objective points to a potential upside of 7.38% from the stock’s current price.
Several other equities analysts have also issued reports on RDSB. HSBC upgraded Royal Dutch Shell to a “buy” rating and raised their price target for the stock from GBX 2,730 ($35.67) to GBX 2,740 ($35.80) in a research report on Monday. Morgan Stanley set a GBX 2,490 ($32.54) price target on Royal Dutch Shell and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Credit Suisse Group set a GBX 3,175 ($41.49) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, May 3rd. Royal Bank of Canada set a GBX 2,750 ($35.93) price target on Royal Dutch Shell and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Goldman Sachs Group set a GBX 3,350 ($43.77) price target on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 2,996.54 ($39.16).
RDSB opened at GBX 2,514.50 ($32.86) on Tuesday. The company has a debt-to-equity ratio of 46.21, a quick ratio of 0.80 and a current ratio of 1.16. Royal Dutch Shell has a 1 year low of GBX 2,227 ($29.10) and a 1 year high of GBX 2,844.50 ($37.17). The company has a market cap of $94.00 billion and a P/E ratio of 8.89.
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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