JPMorgan Chase & Co. set a GBX 3,250 ($42.47) price target on Royal Dutch Shell (LON:RDSB) in a research report sent to investors on Wednesday, October 17th. The brokerage currently has a buy rating on the stock.
Several other research firms also recently commented on RDSB. HSBC reaffirmed a hold rating on shares of Royal Dutch Shell in a research report on Friday, July 20th. Societe Generale boosted their price target on Royal Dutch Shell from GBX 2,750 ($35.93) to GBX 2,900 ($37.89) and gave the company a hold rating in a research note on Thursday, June 28th. Barclays reiterated an overweight rating and issued a GBX 3,250 ($42.47) price target on shares of Royal Dutch Shell in a research note on Friday, June 29th. UBS Group set a GBX 2,950 ($38.55) price target on Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday, October 3rd. Finally, Goldman Sachs Group set a GBX 3,500 ($45.73) price target on Royal Dutch Shell and gave the company a buy rating in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 2,984.69 ($39.00).
Shares of Royal Dutch Shell stock traded down GBX 2.50 ($0.03) on Wednesday, hitting GBX 2,462.50 ($32.18). The stock had a trading volume of 3,955,802 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a twelve month low of GBX 2,037 ($26.62) and a twelve month 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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