Royal Dutch Shell (LON:RDSB) PT Set at GBX 2,900 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a GBX 2,900 ($37.89) price target on Royal Dutch Shell (LON:RDSB) in a research report report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

RDSB has been the subject of several other research reports. Deutsche Bank reaffirmed a buy rating on shares of Royal Dutch Shell in a research report on Friday, July 12th. Jefferies Financial Group set a GBX 3,050 ($39.85) price target on Royal Dutch Shell and gave the company a buy rating in a report on Wednesday, June 12th. Morgan Stanley reissued an equal weight rating and issued a GBX 2,490 ($32.54) price target on shares of Royal Dutch Shell in a report on Friday, July 12th. Sanford C. Bernstein set a GBX 3,400 ($44.43) price target on Royal Dutch Shell and gave the company a buy rating in a report on Monday. Finally, Berenberg Bank reduced their price target on Royal Dutch Shell from GBX 2,900 ($37.89) to GBX 2,750 ($35.93) and set a hold rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Royal Dutch Shell presently has a consensus rating of Buy and a consensus target price of GBX 2,981.43 ($38.96).

Shares of LON RDSB opened at GBX 2,347.50 ($30.67) on Monday. Royal Dutch Shell has a 1-year low of GBX 2,227 ($29.10) and a 1-year high of GBX 2,725.50 ($35.61). The business has a 50-day moving average of GBX 2,341.26 and a 200-day moving average of GBX 2,453.21. The company has a debt-to-equity ratio of 47.21, a current ratio of 1.10 and a quick ratio of 0.73. The company has a market capitalization of $87.70 billion and a price-to-earnings ratio of 9.46.

The firm also recently declared a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 15th will be issued a $0.47 dividend. This represents a yield of 1.48%. The ex-dividend date is Thursday, August 15th. Royal Dutch Shell’s dividend payout ratio is currently 0.61%.

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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