Royal Dutch Shell (LON:RDSB) Price Target Raised to GBX 2,875

Royal Dutch Shell (LON:RDSB) had its price target raised by HSBC from GBX 2,860 ($37.37) to GBX 2,875 ($37.57) in a report published on Wednesday, Borsen Zeitung reports. HSBC currently has a buy rating on the stock.

A number of other brokerages have also weighed in on RDSB. Credit Suisse Group started coverage on shares of LTC Properties in a report on Wednesday. They issued an underperform rating and a $19.00 price target on the stock. Jefferies Financial Group started coverage on shares of in a report on Wednesday, June 12th. They issued a hold rating and a GBX 250 ($3.27) price target on the stock. Deutsche Bank set a €95.00 ($110.47) price target on shares of Beiersdorf and gave the company a neutral rating in a report on Tuesday, May 14th. Berenberg Bank reiterated a buy rating and issued a GBX 620 ($8.10) price target on shares of in a report on Friday, June 21st. Finally, Royal Bank of Canada decreased their price target on shares of Patterson-UTI Energy to $21.00 and set an outperform rating on the stock in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 2,996.54 ($39.16).

Shares of RDSB opened at GBX 2,591 ($33.86) on Wednesday. The firm has a market cap of $97.05 billion and a price-to-earnings ratio of 9.16. The company has a fifty day moving average of GBX 2,548.17. Royal Dutch Shell has a fifty-two week low of GBX 2,227 ($29.10) and a fifty-two week high of GBX 2,766.50 ($36.15). 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 firm also recently announced a dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, May 16th were paid a $0.47 dividend. This represents a dividend yield of 1.48%. The ex-dividend date was Thursday, May 16th. Royal Dutch Shell’s dividend payout ratio 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.

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