Royal Dutch Shell (RDSB) Given a GBX 2,850 Price Target at J P Morgan Chase & Co

J P Morgan Chase & Co set a GBX 2,850 ($38.36) price target on Royal Dutch Shell (LON:RDSB) in a research note issued to investors on Friday. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on RDSB. upped their price objective on shares of Royal Dutch Shell from GBX 2,550 ($34.32) to GBX 2,650 ($35.67) and gave the stock a buy rating in a research report on Tuesday, November 7th. Barclays reaffirmed an overweight rating and set a GBX 2,850 ($38.36) price objective on shares of Royal Dutch Shell in a research report on Friday, November 10th. Morgan Stanley set a GBX 2,930 ($39.43) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a research report on Tuesday, November 7th. Deutsche Bank upped their price objective on shares of Royal Dutch Shell from GBX 2,450 ($32.97) to GBX 2,675 ($36.00) and gave the stock a buy rating in a research report on Monday, November 6th. Finally, Credit Suisse Group set a GBX 2,635 ($35.46) price objective on shares of Royal Dutch Shell and gave the stock a buy rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Royal Dutch Shell has a consensus rating of Buy and a consensus target price of GBX 2,573.68 ($34.64).

Shares of Royal Dutch Shell (LON RDSB) traded up GBX 6.14 ($0.08) during trading on Friday, hitting GBX 2,376.14 ($31.98). 5,261,942 shares of the stock were exchanged, compared to its average volume of 5,080,000. Royal Dutch Shell has a 52 week low of GBX 2,037 ($27.42) and a 52 week high of GBX 2,580.53 ($34.73).

The company also recently disclosed a dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Thursday, November 16th will be paid a $0.47 dividend. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, November 16th.

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About Royal Dutch Shell

The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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