Royal Dutch Shell (LON:RDSB) had its price target cut by research analysts at HSBC from GBX 2,500 ($32.67) to GBX 2,480 ($32.41) in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s price objective would suggest a potential upside of 6.46% from the stock’s current price.
RDSB has been the subject of several other research reports. Barclays cut their target price on Royal Dutch Shell from GBX 3,000 ($39.20) to GBX 2,850 ($37.24) and set an “equal weight” rating for the company in a research note on Thursday. Berenberg Bank restated a “hold” rating on shares of Royal Dutch Shell in a research note on Wednesday, October 30th. Oddo Bhf set a GBX 2,650 ($34.63) target price on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, November 1st. Societe Generale cut their target price on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,700 ($35.28) and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Royal Dutch Shell in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Royal Dutch Shell presently has a consensus rating of “Buy” and an average price target of GBX 2,810 ($36.72).
LON RDSB traded down GBX 5.50 ($0.07) during trading hours on Thursday, hitting GBX 2,329.50 ($30.44). The company had a trading volume of 5,235,564 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a 52 week low of GBX 2,160 ($28.22) and a 52 week high of GBX 2,647 ($34.59). The firm has a 50 day simple moving average of GBX 2,307.67 and a 200 day simple moving average of GBX 2,424.86. The company has a debt-to-equity ratio of 46.18, a quick ratio of 0.75 and a current ratio of 1.15. The firm has a market capitalization of $86.98 billion and a price-to-earnings ratio of 9.28.
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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