The J P Morgan Chase & Co Analysts Give Royal Dutch Shell Plc (RDSB) a GBX 2,600 Price Target

The J P Morgan Chase & Co Analysts Give Royal Dutch Shell Plc (RDSB) a GBX 2,600 Price Target

J P Morgan Chase & Co set a GBX 2,600 ($31.37) price target on Royal Dutch Shell Plc (LON:RDSB) in a research note released on Friday morning. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on RDSB. Deutsche Bank AG set a GBX 2,450 ($29.56) price objective on shares of Royal Dutch Shell Plc and gave the stock a buy rating in a research note on Friday, January 13th. Barclays PLC boosted their target price on shares of Royal Dutch Shell Plc from GBX 2,360 ($28.47) to GBX 2,650 ($31.97) and gave the stock an overweight rating in a research report on Thursday, January 5th. Royal Bank Of Canada raised shares of Royal Dutch Shell Plc to an outperform rating and set a GBX 2,500 ($30.16) target price on the stock in a research report on Wednesday, January 4th. Panmure Gordon reaffirmed a buy rating and set a GBX 2,500 ($30.16) target price on shares of Royal Dutch Shell Plc in a research report on Friday, January 6th. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on shares of Royal Dutch Shell Plc from GBX 2,325 ($28.05) to GBX 2,460 ($29.68) and gave the stock a conviction-buy rating in a research report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. Royal Dutch Shell Plc currently has an average rating of Buy and a consensus price target of GBX 2,174.70 ($26.24).

Royal Dutch Shell Plc (LON:RDSB) opened at 2346.50 on Friday. Royal Dutch Shell Plc has a 52-week low of GBX 1,261.03 and a 52-week high of GBX 2,403.68. The company’s market capitalization is GBX 188.99 billion. The stock has a 50 day moving average of GBX 2,286.19 and a 200-day moving average of GBX 2,113.26.

About Royal Dutch Shell Plc

Royal Dutch Shell plc (Shell) is an independent oil and gas company. The Company explores for crude oil and natural gas across the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company is engaged in the principal aspects of the oil and gas industry in approximately 70 countries.

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