Deutsche Bank Reiterates Hold Rating on Royal Dutch Shell Plc Shares

Strategic Insights -

Deutsche Bank's recent report has seen the firm restate its hold rating on shares of Royal Dutch Shell Plc, further emphasizing the company's stability in the current market. This move follows other actions taken by the firm on various stocks, including downgrading InterContinental Hotels Group PLC and giving Teva Pharmaceutical Industries Ltd a new price target. Royal Dutch Shell Plc's shares traded down 1.68% on Wednesday, with 5,673,853 shares exchanged. The company's market capitalization stands at £142.1 billion, with a 1-year low of GBX 1984.4999 and a 1-year high of GBX 2990.50.

Key Takeaways:

  • Deutsche Bank has reasserted its hold rating on Royal Dutch Shell Plc shares in a recent report, echoing the company's stability.
  • The firm has taken recent actions on other stocks, including downgrading InterContinental Hotels Group PLC from buy to hold and assigning a new price target to Teva Pharmaceutical Industries Ltd.
  • Royal Dutch Shell Plc's shares traded down 1.68% on Wednesday, with a total of 5,673,853 shares exchanged.
  • The company's market capitalization is £142.1 billion, with a 1-year low of GBX 1984.4999 and a 1-year high of GBX 2990.50.
  • Other firms, including Canaccord Genuity, BMO Capital Markets, Nomura, and Sanford C. Bernstein, have all provided positive ratings on Royal Dutch Shell Plc, with an average target price of GBX 2,456.86.
  • The company operates in three segments: Upstream, Downstream, and Corporate, with the Upstream segment focused on searching for and recovering crude oil and natural gas.
  • Analyst opinion is evenly divided, with one firm rating the stock as sell, nine firms rating it as hold, and sixteen firms rating it as buy.

Statistics:

  • 1.68% decline in Royal Dutch Shell Plc shares on Wednesday.
  • 5,673,853 shares of Royal Dutch Shell Plc stock traded hands on Wednesday.
  • £142.1 billion market capitalization of Royal Dutch Shell Plc.
  • GBX 1984.4999 1-year low of Royal Dutch Shell Plc shares.
  • GBX 2990.50 1-year high of Royal Dutch Shell Plc shares.
  • GBX 2185.90 50-day moving average of Royal Dutch Shell Plc shares.
  • GBX 2353 200-day moving average of Royal Dutch Shell Plc shares.
  • Average rating of Buy for Royal Dutch Shell Plc, with an average target price of GBX 2,456.86.

Sources:

  • Deutsche Bank
  • Canaccord Genuity
  • BMO Capital Markets
  • Nomura
  • Sanford C. Bernstein
  • Global Data Point (2014)
  • SyndiGate Media Inc. (Syndigate.info)