Royal Dutch Shell (LON:RDSB) Rating Reiterated by Credit Suisse Group
Credit Suisse Group reaffirmed their buy rating on shares of Royal Dutch Shell (LON:RDSB) in a research report report published on Monday morning, Borsen Zeitung reports. Credit Suisse Group currently has a GBX 1,525 ($19.93) target price on the stock.
RDSB has been the subject of a number of other reports. Barclays restated a sell rating and issued a GBX 1,500 ($19.60) price objective on shares of Royal Dutch Shell in a research report on Wednesday, August 26th. JPMorgan Chase & Co. cut their price objective on shares of Royal Dutch Shell from GBX 1,700 ($22.21) to GBX 1,600 ($20.91) and set a neutral rating for the company in a research report on Tuesday, September 1st. Royal Bank of Canada set a GBX 2,000 ($26.13) price objective on shares of Royal Dutch Shell and gave the company a buy rating in a research report on Wednesday, September 9th. Berenberg Bank raised their price objective on shares of Royal Dutch Shell from GBX 1,440 ($18.82) to GBX 1,450 ($18.95) and gave the company a hold rating in a research report on Friday, July 31st. Finally, UBS Group set a GBX 1,750 ($22.87) price objective on shares of Royal Dutch Shell and gave the company a buy rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Royal Dutch Shell has a consensus rating of Buy and an average target price of GBX 1,801.28 ($23.54).
Shares of LON:RDSB opened at GBX 1,025.40 ($13.40) on Monday. The company has a 50-day moving average price of GBX 1,092.43 and a two-hundred day moving average price of GBX 1,253.25. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 65.44. Royal Dutch Shell has a twelve month low of GBX 8.89 ($0.12) and a twelve month high of GBX 2,419.50 ($31.62). The firm has a market capitalization of $38.00 billion and a PE ratio of -7.13.
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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