Royal Dutch Shell (RDSB) Given New GBX 2,800 Price Target at JPMorgan Chase & Co.

Royal Dutch Shell (LON:RDSB) had its price objective reduced by analysts at JPMorgan Chase & Co. from GBX 3,250 ($42.47) to GBX 2,800 ($36.59) in a research report issued on Thursday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 13.34% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Royal Bank of Canada set a GBX 3,200 ($41.81) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Wednesday, November 14th. UBS Group reiterated a “buy” rating on shares of Royal Dutch Shell in a research report on Monday, November 12th. HSBC increased their price objective on Royal Dutch Shell from GBX 2,890 ($37.76) to GBX 2,900 ($37.89) and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Deutsche Bank set a GBX 2,800 ($36.59) price objective on Royal Dutch Shell and gave the stock a “buy” rating in a research report on Friday, November 2nd. Finally, Berenberg Bank increased their price objective on Royal Dutch Shell from GBX 2,800 ($36.59) to GBX 2,950 ($38.55) and gave the stock a “hold” rating in a research report on Friday, November 2nd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 3,017 ($39.42).

Shares of RDSB stock traded up GBX 10 ($0.13) on Thursday, reaching GBX 2,470.50 ($32.28). The company’s stock had a trading volume of 3,776,589 shares, compared to its average volume of 5,080,000. Royal Dutch Shell has a 12-month low of GBX 2,037 ($26.62) and a 12-month high of GBX 2,617 ($34.20).

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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