Barclays cut shares of Royal Dutch Shell (LON:RDSB) to an equal weight rating in a research report released on Tuesday, Borsen Zeitung reports. The firm currently has GBX 3,100 ($40.51) target price on the stock, down from their prior target price of GBX 3,250 ($42.47).
A number of other equities research analysts have also recently weighed in on the company. Societe Generale upgraded Royal Dutch Shell to a buy rating in a research note on Friday, May 31st. Credit Suisse Group set a GBX 3,010 ($39.33) price objective on Royal Dutch Shell and gave the stock a buy rating in a research note on Friday, August 2nd. HSBC decreased their price objective on Royal Dutch Shell from GBX 2,875 ($37.57) to GBX 2,780 ($36.33) and set a buy rating for the company in a research note on Wednesday, August 7th. Berenberg Bank set a GBX 2,900 ($37.89) price objective on Royal Dutch Shell and gave the stock a neutral rating in a research note on Friday, August 2nd. Finally, UBS Group restated a buy rating on shares of Royal Dutch Shell in a research note on Monday. Four 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 an average rating of Buy and an average price target of GBX 3,008.57 ($39.31).
Shares of LON RDSB opened at GBX 2,276.50 ($29.75) on Tuesday. The company has a debt-to-equity ratio of 47.21, a current ratio of 1.10 and a quick ratio of 0.73. The stock has a market capitalization of $85.27 billion and a P/E ratio of 9.17. Royal Dutch Shell has a 1-year low of GBX 2,227 ($29.10) and a 1-year high of GBX 2,725.50 ($35.61). The business has a fifty day moving average price of GBX 2,469.48 and a 200 day moving average price of GBX 2,470.75.
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.
Featured Story: Technical Analysis of Stocks, How Can It Help
Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.