Royal Dutch Shell (LON:RDSB) has been given a GBX 3,250 ($42.47) price target by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 32.36% from the company’s previous close.
Several other equities analysts also recently issued reports on the stock. Goldman Sachs Group set a GBX 3,500 ($45.73) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Monday, October 1st. UBS Group set a GBX 2,950 ($38.55) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday, October 3rd. Royal Bank of Canada set a GBX 3,200 ($41.81) price objective on shares of Royal Dutch Shell and gave the company a “buy” rating in a report on Monday, October 8th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,800 ($36.59) price objective on shares of Royal Dutch Shell in a report on Tuesday, October 2nd. Finally, HSBC reaffirmed a “hold” rating on shares of Royal Dutch Shell in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Royal Dutch Shell presently has a consensus rating of “Buy” and a consensus target price of GBX 2,962.06 ($38.70).
Shares of LON RDSB opened at GBX 2,455.50 ($32.09) on Thursday. Royal Dutch Shell has a 1 year low of GBX 2,037 ($26.62) and a 1 year high of GBX 2,617 ($34.20).
About Royal Dutch Shell
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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