Royal Dutch Shell (RDSB) Given a GBX 2,800 Price Target by JPMorgan Chase & Co. Analysts
Royal Dutch Shell (LON:RDSB) received a GBX 2,800 ($36.59) target price from analysts at JPMorgan Chase & Co. in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 20.09% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada set a GBX 3,200 ($41.81) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday, November 14th. UBS Group restated a “buy” rating on shares of Royal Dutch Shell in a report on Monday, November 12th. HSBC upped their target price on shares of Royal Dutch Shell from GBX 2,890 ($37.76) to GBX 2,900 ($37.89) and gave the stock a “hold” rating in a report on Tuesday, November 6th. Deutsche Bank set a GBX 2,800 ($36.59) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, Berenberg Bank upped their target price on shares of Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,950 ($38.55) and gave the stock a “hold” rating in a report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 3,017 ($39.42).
RDSB opened at GBX 2,331.50 ($30.47) on Wednesday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($26.62) and a fifty-two week high of GBX 2,617 ($34.20).
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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