Royal Dutch Shell plc (RDSB) Receives Overweight Rating from J P Morgan Chase & Co

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

A number of other equities research analysts have also issued reports on RDSB. Goldman Sachs Group, Inc. (The) increased their price target on Royal Dutch Shell plc from GBX 2,440 ($32.09) to GBX 2,490 ($32.75) and gave the stock a buy rating in a research note on Thursday, July 13th. Morgan Stanley set a GBX 2,560 ($33.67) price target on Royal Dutch Shell plc and gave the stock a buy rating in a research note on Monday, July 17th. HSBC Holdings plc reiterated a buy rating and issued a GBX 2,500 ($32.88) price target on shares of Royal Dutch Shell plc in a research note on Wednesday, July 19th. Canaccord Genuity reiterated a sell rating and issued a GBX 1,900 ($24.99) price target on shares of Royal Dutch Shell plc in a research note on Friday, July 21st. Finally, Societe Generale cut their price target on Royal Dutch Shell plc from GBX 2,500 ($32.88) to GBX 2,350 ($30.91) and set a buy rating for the company in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Royal Dutch Shell plc presently has an average rating of Buy and an average price target of GBX 2,545.88 ($33.49).

Shares of Royal Dutch Shell plc (LON RDSB) traded down GBX 32.50 ($0.43) during trading on Thursday, reaching GBX 2,457.50 ($32.32). The company had a trading volume of 5,122,539 shares, 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 declared a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be given a $0.47 dividend. The ex-dividend date is Thursday, November 16th. This represents a 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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