JPMorgan Chase & Co. Analysts Give Royal Dutch Shell (LON:RDSB) a GBX 2,850 Price Target

JPMorgan Chase & Co. set a GBX 2,850 ($37.24) price target on Royal Dutch Shell (LON:RDSB) in a report published on Tuesday, June 4th, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

RDSB has been the topic of several other research reports. HSBC raised shares of Royal Dutch Shell to a buy rating and lifted their price target for the company from GBX 2,730 ($35.67) to GBX 2,740 ($35.80) in a research report on Monday, May 13th. Berenberg Bank reaffirmed a hold rating and set a GBX 2,700 ($35.28) price target on shares of Royal Dutch Shell in a research report on Thursday, May 16th. Royal Bank of Canada set a GBX 2,750 ($35.93) price target on shares of Royal Dutch Shell and gave the company a neutral rating in a research report on Friday, May 24th. Credit Suisse Group set a GBX 3,175 ($41.49) target price on shares of Royal Dutch Shell and gave the company a buy rating in a report on Friday, May 3rd. Finally, Morgan Stanley set a GBX 2,490 ($32.54) target price on shares of Royal Dutch Shell and gave the company a neutral rating in a report on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 2,987.50 ($39.04).

RDSB stock traded down GBX 13.50 ($0.18) during trading on Tuesday, hitting GBX 2,581 ($33.73). The stock had a trading volume of 4,530,534 shares, compared to its average volume of 5,080,000. The company has a debt-to-equity ratio of 46.21, a current ratio of 1.16 and a quick ratio of 0.80. Royal Dutch Shell has a twelve month low of GBX 2,227 ($29.10) and a twelve month high of GBX 2,792.50 ($36.49). The stock has a market cap of $96.49 billion and a PE ratio of 9.12. The business’s 50-day moving average price is GBX 2,523.95.

The business also recently declared a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 16th were given a $0.47 dividend. The ex-dividend date was Thursday, May 16th. This represents a yield of 1.48%. Royal Dutch Shell’s dividend payout ratio (DPR) is presently 0.52%.

About Royal Dutch Shell

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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