UPDATE: Benchmark Establishes PT for Royal Dutch Shell

According to a research report published today, Benchmark has established a PT of $74 for Royal Dutch Shell RDSA. “Pursuant to Benchmark's policy that all HOLD-rated stocks have a price target, we are assigning a $74 price target to the ADRs of Royal Dutch Shell. The fair value price target reflects a normalized ($70 oil) earnings multiple in line with the peer group average – a valuation which we deem to be appropriate taking into account our assessment of the Company's relative earnings and dividend growth potential,” Benchmark said in the report. Royal Dutch Shell is closed yesterday at $73.45.