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

Royal Dutch Shell (LON:RDSB) had its price target lifted by HSBC from GBX 2,860 ($37.37) to GBX 2,875 ($37.57) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on RDSB. UBS Group restated a buy rating and set a $190.00 target price on shares of in a research report on Wednesday, June 5th. Societe Generale upgraded shares of Royal Dutch Shell to a buy rating in a research report on Friday, May 31st. Barclays reiterated an underweight rating on shares of in a research report on Thursday, July 4th. Credit Suisse Group began coverage on shares of LTC Properties in a research report on Wednesday. They issued an underperform rating and a $19.00 price target on the stock. Finally, Morgan Stanley set a €9.00 ($10.47) price target on shares of Commerzbank and gave the company a neutral rating in a research report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and eleven 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 2,996.54 ($39.16).

Shares of RDSB opened at GBX 2,591 ($33.86) on Wednesday. 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’s 50-day moving average is GBX 2,548.17. Royal Dutch Shell has a twelve month low of GBX 2,227 ($29.10) and a twelve month high of GBX 2,766.50 ($36.15). The firm has a market capitalization of $97.05 billion and a price-to-earnings ratio of 9.16.

The firm also recently declared a dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, May 16th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 1.48%. Royal Dutch Shell’s dividend payout ratio is presently 0.52%.

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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