Royal Dutch Shell (LON:RDSA) Price Target Cut to GBX 3,090

Royal Dutch Shell (LON:RDSA) had its price objective decreased by Credit Suisse Group from GBX 3,175 ($41.49) to GBX 3,090 ($40.38) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports. Credit Suisse Group currently has an outperform rating on the stock.

A number of other research firms have also weighed in on RDSA. Jefferies Financial Group raised their price target on shares of PureTech Health from GBX 280 ($3.66) to GBX 340 ($4.44) and gave the company a buy rating in a report on Friday, July 5th. HSBC set a €16.50 ($19.19) price target on shares of UniCredit and gave the company a buy rating in a report on Tuesday, May 14th. Barclays reaffirmed an underweight rating on shares of in a report on Thursday, July 4th. JPMorgan Chase & Co. reaffirmed a top pick rating on shares of in a report on Thursday, July 4th. Finally, UBS Group reaffirmed a buy rating and set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 2,956.25 ($38.63).

RDSA opened at GBX 2,588 ($33.82) on Wednesday. The company’s fifty day moving average price is GBX 2,532.66. The firm has a market cap of $112.04 billion and a price-to-earnings ratio of 914.49. Royal Dutch Shell has a twelve month low of GBX 2,209.50 ($28.87) and a twelve month high of GBX 2,708 ($35.38). The company has a debt-to-equity ratio of 46.21, a quick ratio of 0.80 and a current ratio of 1.16.

The business also recently disclosed a dividend, which was paid on Monday, June 24th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.47 per share. This represents a yield of 1.49%. The ex-dividend date of this dividend was Thursday, May 16th. Royal Dutch Shell’s dividend payout ratio is currently 52.30%.

Royal Dutch Shell Company Profile

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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