JPMorgan Chase & Co. Boosts Royal Dutch Shell (RDSB) Price Target to GBX 2,850

Royal Dutch Shell (LON:RDSB) had its price objective upped by JPMorgan Chase & Co. from GBX 2,700 ($35.28) to GBX 2,850 ($37.24) in a research note issued to investors on Friday, Borsen Zeitung reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

RDSB has been the topic of a number of other reports. Credit Suisse Group set a GBX 3,030 ($39.59) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Monday, December 31st. Royal Bank of Canada lowered shares of Royal Dutch Shell to a sector performer rating and lowered their target price for the company from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) in a research note on Wednesday, February 27th. Goldman Sachs Group set a GBX 3,300 ($43.12) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Thursday, January 31st. Barclays set a GBX 3,250 ($42.47) target price on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Friday, February 1st. Finally, Berenberg Bank lowered their target price on shares of Royal Dutch Shell from GBX 2,950 ($38.55) to GBX 2,600 ($33.97) and set a hold rating on the stock in a research note on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Royal Dutch Shell presently has an average rating of Hold and an average price target of GBX 2,928.08 ($38.26).

LON:RDSB opened at GBX 2,490.50 ($32.54) on Friday. Royal Dutch Shell has a 1 year low of GBX 2,227 ($29.10) and a 1 year high of GBX 2,844.50 ($37.17). The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 37.93. The firm has a market capitalization of $93.10 billion and a P/E ratio of 8.89.

The business also recently declared a dividend, which was paid on Monday, March 25th. Shareholders of record on Thursday, February 14th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a yield of 1.57%. Royal Dutch Shell’s dividend payout ratio is 0.51%.

Royal Dutch Shell Company Profile

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

Read More: Return on Investment (ROI)

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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