Royal Dutch Shell (LON:RDSB) has been assigned a GBX 2,950 ($42.24) price objective by analysts at JPMorgan Chase in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase’s price objective would indicate a potential upside of 17.67% from the stock’s previous close.
Several other brokerages have also issued reports on RDSB. Barclays reiterated an “overweight” rating and issued a GBX 3,000 ($42.96) price target on shares of Royal Dutch Shell in a report on Thursday, March 22nd. Goldman Sachs set a GBX 2,980 ($42.67) price target on Royal Dutch Shell and gave the stock a “buy” rating in a report on Thursday, April 12th. Jefferies Group increased their price target on Royal Dutch Shell from GBX 2,650 ($37.94) to GBX 2,720 ($38.95) and gave the stock a “buy” rating in a report on Wednesday, December 20th. Societe Generale set a GBX 2,750 ($39.38) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, March 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,800 ($40.09) price objective on shares of Royal Dutch Shell in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company. Royal Dutch Shell has a consensus rating of “Buy” and an average target price of GBX 2,601.37 ($37.25).
Shares of LON:RDSB opened at GBX 2,507 ($35.90) on Tuesday. Royal Dutch Shell has a 52-week low of GBX 2,037 ($29.17) and a 52-week high of GBX 2,617 ($37.47).
Royal Dutch Shell Company Profile
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.
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