Royal Dutch Shell’s (RDSB) “Buy” Rating Reiterated at UBS Group
Royal Dutch Shell (LON:RDSB)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports. They presently have a GBX 1,800 ($23.68) target price on the stock, down from their prior target price of GBX 2,450 ($32.23). UBS Group’s price target suggests a potential upside of 87.50% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Kepler Capital Markets decreased their price objective on shares of Royal Dutch Shell from GBX 2,764.08 ($36.36) to GBX 2,529.22 ($33.27) and set a “buy” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada set a GBX 2,600 ($34.20) price objective on shares of Royal Dutch Shell and gave the company a “neutral” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered shares of Royal Dutch Shell to a “neutral” rating in a research note on Thursday, March 12th. Credit Suisse Group reiterated a “buy” rating and issued a GBX 2,050 ($26.97) price objective on shares of Royal Dutch Shell in a research note on Thursday, March 12th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Royal Dutch Shell in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,593.70 ($34.12).
LON:RDSB traded up GBX 43.20 ($0.57) on Tuesday, hitting GBX 960 ($12.63). The stock had a trading volume of 41,175,140 shares, compared to its average volume of 5,080,000. The company has a debt-to-equity ratio of 50.63, a quick ratio of 0.77 and a current ratio of 1.16. The stock has a market cap of $39.27 billion and a P/E ratio of 4.92. Royal Dutch Shell has a 1 year low of GBX 8.89 ($0.12) and a 1 year high of GBX 2,647 ($34.82). The firm’s fifty day simple moving average is GBX 1,723.67 and its two-hundred day simple moving average is GBX 2,131.62.
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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