Royal Dutch Shell (RDSA) PT Lowered to GBX 2,800

Royal Dutch Shell (LON:RDSA) had its target price trimmed by JPMorgan Chase & Co. from GBX 3,250 ($42.47) to GBX 2,800 ($36.59) in a research note published on Thursday morning. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on the company. HSBC upped 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 report on Wednesday, September 12th. Barclays reiterated an overweight rating on shares of Royal Dutch Shell in a report on Tuesday, September 11th. Credit Suisse Group upped 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 report on Thursday, August 23rd. Morgan Stanley cut Royal Dutch Shell to an equal weight rating and set a GBX 2,860 ($37.37) price objective for the company. in a report on Thursday, August 2nd. Finally, Citigroup reiterated a sell rating on shares of Royal Dutch Shell in a report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 2,943 ($38.46).

RDSA opened at GBX 2,370 ($30.97) on Thursday. Royal Dutch Shell has a 12-month low of GBX 1,982.50 ($25.90) and a 12-month high of GBX 2,579.50 ($33.71).

The business also recently announced a dividend, which will be paid on Wednesday, December 19th. Investors of record on Thursday, November 15th will be issued a dividend of $0.47 per share. This represents a yield of 1.51%. The ex-dividend date is Thursday, November 15th.

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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