J P Morgan Chase & Co Cuts Royal Dutch Shell Plc (LON:RDSB) Price Target to GBX 2,400
Royal Dutch Shell Plc (LON:RDSB) had its target price reduced by J P Morgan Chase & Co from GBX 2,600 ($33.68) to GBX 2,400 ($31.09) in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 14.72% from the company’s current price.
RDSB has been the subject of several other research reports. Morgan Stanley set a GBX 2,750 ($35.62) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Monday, April 24th. HSBC Holdings plc reissued a “buy” rating and set a GBX 2,700 ($34.97) price objective on shares of Royal Dutch Shell Plc in a research note on Thursday, March 16th. Societe Generale set a GBX 2,500 ($32.38) price objective on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research note on Friday, May 5th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 2,440 ($31.61) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. Finally, Beaufort Securities reissued a “buy” rating and set a GBX 2,500 ($32.38) price objective on shares of Royal Dutch Shell Plc in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 2,427.63 ($31.45).
Shares of Royal Dutch Shell Plc (RDSB) opened at 2075.00 on Thursday. The firm’s market capitalization is GBX 169.21 billion. The company’s 50-day moving average is GBX 2,149.27 and its 200 day moving average is GBX 2,211.24. Royal Dutch Shell Plc has a 1-year low of GBX 1,869.25 and a 1-year high of GBX 2,403.68.
The company also recently disclosed a dividend, which was paid on Monday, June 26th. Stockholders of record on Thursday, May 18th were paid a $0.47 dividend. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, May 18th.
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Royal Dutch Shell Plc Company Profile
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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