Royal Dutch Shell (LON:RDSB) has been given a GBX 2,950 ($42.24) price objective by investment analysts at JPMorgan Chase in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase’s price objective indicates a potential upside of 22.56% from the company’s previous close.
Several other brokerages have also recently issued reports on RDSB. Deutsche Bank set a GBX 2,700 ($38.66) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, January 12th. Kepler Capital Markets restated a “buy” rating on shares of Royal Dutch Shell in a research note on Thursday, January 18th. Barclays restated an “overweight” rating and issued a GBX 3,000 ($42.96) price objective on shares of Royal Dutch Shell in a research note on Friday, January 19th. Credit Suisse Group set a GBX 2,725 ($39.02) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, January 5th. Finally, Societe Generale raised their price objective on Royal Dutch Shell from GBX 2,660 ($38.09) to GBX 2,750 ($39.38) and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 2,626.58 ($37.61).
Shares of LON RDSB opened at GBX 2,407 ($34.46) on Tuesday. Royal Dutch Shell has a fifty-two week low of GBX 2,037 ($29.17) and a fifty-two week high of GBX 2,617 ($37.47).
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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