Royal Dutch Shell (LON:RDSB) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from GBX 2,900 ($37.89) to GBX 2,850 ($37.24) in a note issued to investors on Friday, Borsen Zeitung reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 32.65% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. HSBC decreased their price target on shares of Royal Dutch Shell from GBX 2,500 ($32.67) to GBX 2,480 ($32.41) and set a “buy” rating for the company in a research report on Thursday, November 7th. Societe Generale lowered their price target on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,700 ($35.28) and set a “buy” rating for the company in a report on Friday, November 1st. Barclays cut their price objective on Royal Dutch Shell from GBX 3,000 ($39.20) to GBX 2,850 ($37.24) and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Credit Suisse Group set a GBX 2,800 ($36.59) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Royal Dutch Shell in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,806.67 ($36.67).
Royal Dutch Shell stock opened at GBX 2,148.50 ($28.07) on Friday. The firm has a fifty day moving average of GBX 2,265.92 and a 200-day moving average of GBX 2,396.91. Royal Dutch Shell has a 52-week low of GBX 8.89 ($0.12) and a 52-week high of GBX 2,647 ($34.59). The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 46.18. The firm has a market capitalization of $79.70 billion and a P/E ratio of 8.56.
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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