J P Morgan Chase & Co Cuts Royal Dutch Shell Plc (RDSB) Price Target to GBX 2,400

Royal Dutch Shell Plc (LON:RDSB) had its target price reduced by equities researchers at J P Morgan Chase & Co from GBX 2,600 ($33.86) to GBX 2,400 ($31.25) in a research report issued on Thursday, July 13th. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 9.94% from the stock’s current price.

RDSB has been the topic of several other reports. Morgan Stanley set a GBX 2,750 ($35.81) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday, April 24th. UBS AG set a GBX 2,500 ($32.56) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Tuesday, April 4th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 2,700 ($35.16) price objective on shares of Royal Dutch Shell Plc in a research report on Thursday, March 16th. Societe Generale set a GBX 2,500 ($32.56) price objective on Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 2,440 ($31.77) price objective on shares of Royal Dutch Shell Plc in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 2,411.32 ($31.40).

Shares of Royal Dutch Shell Plc (LON:RDSB) traded down 0.89% during midday trading on Thursday, hitting GBX 2183.00. The stock had a trading volume of 5,175,887 shares. The stock has a 50-day moving average price of GBX 2,118.53 and a 200-day moving average price of GBX 2,168.32. The stock’s market cap is GBX 81.76 billion. Royal Dutch Shell Plc has a 12-month low of GBX 1,869.25 and a 12-month high of GBX 2,403.68.

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About Royal Dutch Shell Plc

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also liquefies and transports gas; converts natural gas to liquids to provide fuels and other products; markets and trades in crude oil and natural gas; transports oil; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.

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