Royal Dutch Shell Plc’s Underweight Rating Reaffirmed at JPMorgan Chase & Co. (RDSA)
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “underweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, American Banking and Market News reports. They currently have a GBX 2,200 ($34.93) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 7.68% from the stock’s previous close.
Royal Dutch Shell Plc (LON:RDSA) traded down 0.22% on Wednesday, hitting GBX 2043.00. The stock had a trading volume of 2,562,393 shares. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The company’s market cap is £128.6 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Royal Dutch Shell Plc (LON:RDSA) in a research note to investors on Tuesday. They now have a GBX 2,200 ($34.93) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Royal Dutch Shell Plc (LON:RDSA) in a research note to investors on Thursday, September 5th. They now have a GBX 2,400 ($38.11) price target on the stock.
Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 2,391.05 ($37.97).
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