Royal Dutch Shell Plc (LON:RDSB) received a GBX 2,400 ($31.25) price objective from stock analysts at J P Morgan Chase & Co in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 8.97% from the stock’s previous close.
RDSB has been the subject of a number of other reports. Barclays PLC reiterated an “overweight” rating and set a GBX 2,750 ($35.81) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday, July 4th. Morgan Stanley set a GBX 2,750 ($35.81) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, April 24th. Macquarie downgraded shares of Royal Dutch Shell Plc to a “neutral” rating and reduced their price target for the company from GBX 2,400 ($31.25) to GBX 2,150 ($28.00) in a research report on Wednesday, June 21st. Canaccord Genuity reiterated a “sell” rating and set a GBX 1,900 ($24.74) price target on shares of Royal Dutch Shell Plc in a research report on Friday, July 21st. Finally, Societe Generale reiterated a “hold” rating and set a GBX 2,450 ($31.91) price target on shares of Royal Dutch Shell Plc in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,411.32 ($31.40).
Shares of Royal Dutch Shell Plc (RDSB) opened at 2202.50 on Wednesday. The stock’s market capitalization is GBX 180.89 billion. The firm’s 50-day moving average price is GBX 2,116.21 and its 200 day moving average price is GBX 2,168.22. Royal Dutch Shell Plc has a 1-year low of GBX 1,869.25 and a 1-year high of GBX 2,403.68.
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About Royal Dutch Shell Plc
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
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