Royal Dutch Shell Group .com Rotating Header Image

Daily Telegraph: Brokers’ updates: Shell

Daily Telegraph: Brokers’ updates: Shell

Posted 6 August 04

Buy at 384.5p recommends Deutsche Bank (401p this week).

In its recent results the group announced an 11% increase in net income to $4.37 billion, which was slightly ahead of the brokers forecasts. The main drivers of the growth were the return to profitability of the US chemicals division and a better US downstream performance.

The company’s financial performance remains in line with its peers, although the underlying performance is hard to judge. The broker suggests that Shell remains the only deep value restructuring play of the Big 5 in the sector, but remains an investment of longer-term holders.

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Comments are closed.