JPMorgan Chase & Co. set a GBX 2,800 ($36.59) target price on Royal Dutch Shell (LON:RDSB) in a report published on Wednesday morning. The brokerage currently has a buy rating on the stock.
A number of other analysts have also issued reports on the company. UBS Group reaffirmed a buy rating on shares of Royal Dutch Shell in a research note on Monday, November 12th. Goldman Sachs Group lifted their price target on Royal Dutch Shell from GBX 2,980 ($38.94) to GBX 3,130 ($40.90) and gave the stock a buy rating in a research note on Friday, September 14th. Royal Bank of Canada lifted their price target on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,900 ($37.89) and gave the stock an outperform rating in a research note on Monday, August 20th. Barclays reaffirmed an overweight rating on shares of Royal Dutch Shell in a research note on Tuesday, October 30th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 3,175 ($41.49) price target on shares of Royal Dutch Shell in a research note on Wednesday, October 17th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Royal Dutch Shell has an average rating of Buy and an average price target of GBX 3,017 ($39.42).
Shares of LON:RDSB opened at GBX 2,350.50 ($30.71) on Wednesday. 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).
The business also recently disclosed a dividend, which will be paid on Wednesday, December 19th. Investors of record on Thursday, November 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a yield of 1.47%.
Royal Dutch Shell Company Profile
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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