J P Morgan Chase & Co Reaffirms Overweight Rating for Royal Dutch Shell plc (RDSB)

J P Morgan Chase & Co reiterated their overweight rating on shares of Royal Dutch Shell plc (LON:RDSB) in a research report released on Thursday. The brokerage currently has a GBX 2,650 ($34.85) price target on the stock.

RDSB has been the subject of several other research reports. Barclays PLC reaffirmed an overweight rating and set a GBX 2,850 ($37.49) price objective on shares of Royal Dutch Shell plc in a research note on Friday, November 3rd. Canaccord Genuity reaffirmed a sell rating and set a GBX 1,900 ($24.99) price objective on shares of Royal Dutch Shell plc in a research note on Friday, July 21st. Goldman Sachs Group, Inc. (The) set a GBX 2,520 ($33.14) price objective on shares of Royal Dutch Shell plc and gave the company a buy rating in a research note on Monday, September 11th. UBS AG set a GBX 2,550 ($33.54) price objective on shares of Royal Dutch Shell plc and gave the company a buy rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG set a GBX 2,450 ($32.22) price objective on shares of Royal Dutch Shell plc and gave the company a buy rating in a research note on Monday, September 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 2,545.88 ($33.49).

Shares of Royal Dutch Shell plc (LON:RDSB) traded down GBX 32.50 ($0.43) during midday trading on Thursday, reaching GBX 2,457.50 ($32.32). 5,122,539 shares of the company traded hands, compared to its average volume of 4,650,000. Royal Dutch Shell plc has a one year low of GBX 2,006 ($26.38) and a one year high of GBX 2,580.53 ($33.94).

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The business also recently disclosed a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 1.47%.

About Royal Dutch Shell plc

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

Analyst Recommendations for Royal Dutch Shell plc (LON:RDSB)

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