Royal Dutch Shell (RDSA) Price Target Raised to GBX 2,850 at JPMorgan Chase & Co.
Royal Dutch Shell (LON:RDSA) had its target price raised by JPMorgan Chase & Co. from GBX 2,700 ($35.28) to GBX 2,850 ($37.24) in a report released on Friday morning, ThisIsMoney.Co.Uk reports. They currently have an overweight rating on the stock.
A number of other brokerages have also recently issued reports on RDSA. HSBC decreased their price objective on shares of Royal Dutch Shell from GBX 2,785 ($36.39) to GBX 2,710 ($35.41) and set a hold rating for the company in a report on Wednesday, April 10th. Barclays restated an overweight rating and set a GBX 3,250 ($42.47) price objective on shares of Royal Dutch Shell in a report on Thursday, April 4th. Finally, Jefferies Financial Group decreased their price objective on shares of Royal Dutch Shell from GBX 3,350 ($43.77) to GBX 2,950 ($38.55) and set a buy rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 2,970.38 ($38.81).
Shares of LON RDSA opened at GBX 2,468 ($32.25) on Friday. The company has a market cap of $204.60 billion and a P/E ratio of 881.43. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 37.93. Royal Dutch Shell has a 52-week low of GBX 2,479 ($32.39) and a 52-week high of GBX 2,525.50 ($33.00).
Royal Dutch Shell Company Profile
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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