Royal Bank of Canada reiterated their sector performer rating on shares of Royal Dutch Shell (LON:RDSB) in a report issued on Friday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also issued reports on RDSB. Societe Generale upgraded shares of Royal Dutch Shell to a buy rating in a research note on Friday, May 31st. Credit Suisse Group set a GBX 3,090 ($40.38) price target on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday, July 17th. Jefferies Financial Group set a GBX 3,050 ($39.85) price target on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday, June 12th. HSBC increased their price objective on shares of Royal Dutch Shell from GBX 2,860 ($37.37) to GBX 2,875 ($37.57) and gave the stock a buy rating in a research note on Wednesday, July 10th. Finally, Morgan Stanley reiterated an equal weight rating and issued a GBX 2,490 ($32.54) price objective on shares of Royal Dutch Shell in a research note on Friday, July 12th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Royal Dutch Shell has an average rating of Buy and an average target price of GBX 3,026.07 ($39.54).
Shares of Royal Dutch Shell stock opened at GBX 2,377.45 ($31.07) on Friday. The company has a debt-to-equity ratio of 46.21, a current ratio of 1.16 and a quick ratio of 0.80. Royal Dutch Shell has a 12-month low of GBX 2,227 ($29.10) and a 12-month high of GBX 2,725.50 ($35.61). The firm has a market cap of $90.21 billion and a price-to-earnings ratio of 8.40. The company’s 50 day moving average is GBX 2,570.17.
The firm also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, August 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 1.48%. Royal Dutch Shell’s payout ratio is currently 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.
Read More: Why does the United States have a lingering trade deficit?
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.