Royal Dutch Shell Plc’s (RDSA) Overweight Rating Reaffirmed at J P Morgan Chase & Co
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “overweight” rating reissued by stock analysts at J P Morgan Chase & Co in a research report issued on Wednesday. They presently have a GBX 2,600 ($32.89) target price on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 22.93% from the company’s current price.
A number of other analysts have also recently issued reports on RDSA. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,800 ($35.42) target price on shares of Royal Dutch Shell Plc in a research note on Tuesday, February 21st. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 2,600 ($32.89) target price on shares of Royal Dutch Shell Plc in a research note on Thursday, March 16th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,450 ($30.99) target price on shares of Royal Dutch Shell Plc in a research note on Tuesday, March 14th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 2,700 ($34.16) target price on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. Finally, BNP Paribas reiterated a “neutral” rating on shares of Royal Dutch Shell Plc in a research note on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,426.50 ($30.70).
Royal Dutch Shell Plc (RDSA) opened at 2115.00 on Wednesday. Royal Dutch Shell Plc has a 52 week low of GBX 1,702.58 and a 52 week high of GBX 2,295.50. The stock has a 50 day moving average of GBX 2,097.61 and a 200-day moving average of GBX 2,129.48.
The company also recently disclosed a dividend, which will be paid on Monday, June 26th. Stockholders of record on Thursday, May 18th will be paid a $0.47 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, May 18th.
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About Royal Dutch Shell Plc
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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