Royal Dutch Shell Plc (LON:RDSA) had its price target boosted by analysts at J P Morgan Chase & Co from GBX 2,400 ($31.89) to GBX 2,650 ($35.21) in a research report issued on Thursday. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 14.55% from the stock’s current price.

A number of other analysts have also recently commented on RDSA. Macquarie cut shares of Royal Dutch Shell Plc to a “neutral” rating and dropped their target price for the company from GBX 2,400 ($31.89) to GBX 2,150 ($28.57) in a report on Wednesday, June 21st. Credit Suisse Group restated an “outperform” rating and set a GBX 2,500 ($33.22) target price on shares of Royal Dutch Shell Plc in a report on Friday, June 23rd. HSBC Holdings plc restated a “buy” rating and set a GBX 2,450 ($32.55) target price on shares of Royal Dutch Shell Plc in a report on Monday, June 26th. Jefferies Group LLC restated a “buy” rating and set a GBX 2,600 ($34.55) target price on shares of Royal Dutch Shell Plc in a report on Tuesday, June 27th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 2,750 ($36.54) target price on shares of Royal Dutch Shell Plc in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Royal Dutch Shell Plc has an average rating of “Buy” and an average price target of GBX 2,435.71 ($32.36).

Royal Dutch Shell Plc (LON:RDSA) traded up 0.09% on Thursday, reaching GBX 2313.50. 4,612,050 shares of the company’s stock traded hands. Royal Dutch Shell Plc has a 12 month low of GBX 1,922.50 and a 12 month high of GBX 2,322.50. The firm’s 50 day moving average price is GBX 2,214.95 and its 200 day moving average price is GBX 2,127.80.

TRADEMARK VIOLATION WARNING: This news story was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/22/royal-dutch-shell-plc-rdsa-given-new-gbx-2650-price-target-at-j-p-morgan-chase-co.html.

Analyst Recommendations for Royal Dutch Shell Plc (LON:RDSA)

Receive News & Ratings for Royal Dutch Shell Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell Plc and related companies with MarketBeat.com's FREE daily email newsletter.