Royal Dutch Shell (RDSB) Given a GBX 2,650 Price Target at Deutsche Bank

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Deutsche Bank set a GBX 2,650 ($34.63) target price on Royal Dutch Shell (LON:RDSB) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also weighed in on RDSB. Credit Suisse Group set a GBX 3,030 ($39.59) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Monday, December 31st. Royal Bank of Canada lowered Royal Dutch Shell to a sector performer rating and decreased their price objective for the stock from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) in a report on Wednesday, February 27th. Goldman Sachs Group set a GBX 3,300 ($43.12) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Thursday, January 31st. Barclays set a GBX 3,250 ($42.47) price objective on Royal Dutch Shell and gave the stock a buy rating in a report on Friday, February 1st. Finally, Berenberg Bank decreased their price objective on Royal Dutch Shell from GBX 2,950 ($38.55) to GBX 2,600 ($33.97) and set a hold rating on the stock in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 2,928.08 ($38.26).

RDSB opened at GBX 2,488.50 ($32.52) on Wednesday. The company has a market capitalization of $93.03 billion and a price-to-earnings ratio of 8.89. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 37.93. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,844.50 ($37.17).

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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