JPMorgan Chase & Co. Increases Royal Dutch Shell (RDSA) Price Target to GBX 3,250

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Royal Dutch Shell (LON:RDSA) had its price target upped by JPMorgan Chase & Co. from GBX 3,100 ($40.51) to GBX 3,250 ($42.47) in a report released on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 29.30% from the company’s current price.

Several other research analysts have also recently weighed in on the company. HSBC boosted their price objective on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,880 ($37.63) and gave the stock a “hold” rating in a research report on Wednesday, September 12th. Credit Suisse Group boosted their price objective on Royal Dutch Shell from GBX 2,850 ($37.24) to GBX 3,175 ($41.49) and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Barclays reissued an “overweight” rating on shares of Royal Dutch Shell in a research report on Tuesday, September 11th. Morgan Stanley cut Royal Dutch Shell to an “equal weight” rating and set a GBX 2,860 ($37.37) price objective on the stock. in a research report on Thursday, August 2nd. Finally, Goldman Sachs Group set a GBX 3,130 ($40.90) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,903.24 ($37.94).

RDSA stock opened at GBX 2,513.50 ($32.84) on Wednesday. Royal Dutch Shell has a 1-year low of GBX 1,982.50 ($25.90) and a 1-year high of GBX 2,579.50 ($33.71).

About Royal Dutch Shell

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

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