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Royal Dutch Shell (LON:RDSB) had its price target lifted by investment analysts at JPMorgan Chase & Co. from GBX 2,850 ($37.24) to GBX 2,950 ($38.55) in a report issued on Wednesday, July 3rd, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.51% from the stock’s current price.
Several other research analysts have also recently commented on the stock. Jefferies Financial Group began coverage on shares of in a report on Wednesday, June 12th. They set a “hold” rating and a GBX 250 ($3.27) target price on the stock. Deutsche Bank set a €95.00 ($110.47) target price on shares of Beiersdorf and gave the company a “neutral” rating in a research report on Tuesday, May 14th. Berenberg Bank restated a “buy” rating and issued a GBX 620 ($8.10) target price on shares of in a research report on Friday, June 21st. HSBC reiterated a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Finally, Goldman Sachs Group upgraded shares of to a “buy” rating and set a GBX 1,180 ($15.42) target price on the stock in a report on Tuesday, June 4th. Three 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 an average price target of GBX 2,996.54 ($39.16).
Shares of Royal Dutch Shell stock traded up GBX 11.50 ($0.15) during trading hours on Wednesday, reaching GBX 2,554 ($33.37). 3,048,927 shares of the company’s stock were exchanged, compared to its average volume of 5,080,000. Royal Dutch Shell has a fifty-two week low of GBX 2,227 ($29.10) and a fifty-two week high of GBX 2,757.50 ($36.03). The business’s 50 day moving average is GBX 2,568.49. The firm has a market cap of $95.66 billion and a PE ratio of 9.02. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 46.21.
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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