Royal Dutch Shell (LON:RDSB) received a GBX 2,950 ($40.76) price target from equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 27.84% from the company’s previous close.
RDSB has been the topic of several other reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,500 ($34.54) price target on shares of Royal Dutch Shell in a research note on Wednesday, November 1st. HSBC set a GBX 2,700 ($37.30) price target on Royal Dutch Shell and gave the company a “neutral” rating in a research note on Thursday, November 30th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 2,800 ($38.68) target price on shares of Royal Dutch Shell in a research report on Monday, February 5th. Barclays reaffirmed an “overweight” rating and set a GBX 3,000 ($41.45) target price on shares of Royal Dutch Shell in a research report on Wednesday, January 3rd. Finally, Jefferies Group set a GBX 2,650 ($36.61) target price on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,615.26 ($36.13).
Royal Dutch Shell (LON:RDSB) opened at GBX 2,307.50 ($31.88) on Wednesday. Royal Dutch Shell has a 12 month low of GBX 2,037 ($28.14) and a 12 month high of GBX 2,617 ($36.16). The stock has a market capitalization of $215,570.00 and a P/E ratio of 1,816.93.
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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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