Royal Dutch Shell (LON:RDSB) had its target price hoisted by HSBC from GBX 2,860 ($37.37) to GBX 2,875 ($37.57) in a research note released on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the stock an overweight rating in a report on Wednesday, July 3rd. Societe Generale raised shares of Royal Dutch Shell to a buy rating in a report on Friday, May 31st. UBS Group reaffirmed a buy rating and issued a $190.00 target price on shares of salesforce.com in a report on Wednesday, June 5th. Royal Bank of Canada dropped their target price on shares of Patterson-UTI Energy to $21.00 and set an outperform rating for the company in a report on Tuesday, June 18th. Finally, Deutsche Bank set a €95.00 ($110.47) target price on shares of Beiersdorf and gave the company a neutral rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 2,996.54 ($39.16).
LON RDSB opened at GBX 2,591 ($33.86) on Wednesday. The stock has a market capitalization of $97.05 billion and a PE ratio of 9.16. Royal Dutch Shell has a 52-week low of GBX 2,227 ($29.10) and a 52-week high of GBX 2,766.50 ($36.15). The business’s 50-day moving average price is GBX 2,548.17. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 46.21.
The business also recently announced a dividend, which was paid on Monday, June 24th. Shareholders of record on Thursday, May 16th were issued a $0.47 dividend. The ex-dividend date was Thursday, May 16th. This represents a yield of 1.48%. Royal Dutch Shell’s dividend payout ratio (DPR) is presently 0.52%.
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.
Read More: Price to Earnings Ratio (PE) Basics
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