Royal Dutch Shell (LON:RDSB) has been given a GBX 2,850 ($38.36) price target by analysts at J P Morgan Chase & Co in a research report issued on Friday. The firm presently has a “buy” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 20.94% from the stock’s previous close.
Other analysts also recently issued reports about the company. Goldman Sachs Group reissued a “buy” rating and set a GBX 2,580 ($34.72) price objective on shares of Royal Dutch Shell in a research report on Monday, October 2nd. Beaufort Securities reissued a “buy” rating and set a GBX 2,500 ($33.65) price objective on shares of Royal Dutch Shell in a research report on Thursday, September 21st. BNP Paribas set a GBX 2,400 ($32.30) target price on Royal Dutch Shell and gave the company a “buy” rating in a research report on Tuesday, September 5th. Deutsche Bank set a GBX 2,450 ($32.97) target price on Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, September 4th. Finally, Jefferies Group set a GBX 2,470 ($33.24) target price on Royal Dutch Shell and gave the company a “buy” rating in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,573.68 ($34.64).
Shares of Royal Dutch Shell (RDSB) opened at GBX 2,356.50 ($31.72) on Friday. Royal Dutch Shell has a 52-week low of GBX 2,037 ($27.42) and a 52-week high of GBX 2,580.53 ($34.73).
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About Royal Dutch Shell
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.
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