Royal Dutch Shell (RDSA) Price Target Raised to GBX 2,850 at JPMorgan Chase & Co.

Royal Dutch Shell (LON:RDSA) had its price target lifted by JPMorgan Chase & Co. from GBX 2,700 ($35.28) to GBX 2,850 ($37.24) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also weighed in on RDSA. HSBC dropped their price objective on shares of Royal Dutch Shell from GBX 2,785 ($36.39) to GBX 2,710 ($35.41) and set a hold rating on the stock in a research report on Wednesday, April 10th. Barclays reissued an overweight rating and issued a GBX 3,250 ($42.47) price objective on shares of Royal Dutch Shell in a research report on Thursday, April 4th. Finally, Jefferies Financial Group dropped their price objective on shares of Royal Dutch Shell from GBX 3,350 ($43.77) to GBX 2,950 ($38.55) and set a buy rating on the stock in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 2,970.38 ($38.81).

Shares of RDSA opened at GBX 2,468 ($32.25) on Friday. The stock has a market capitalization of $204.60 billion and a PE ratio of 881.43. Royal Dutch Shell has a fifty-two week low of GBX 2,479 ($32.39) and a fifty-two week high of GBX 2,525.50 ($33.00). The company has a debt-to-equity ratio of 37.93, a quick ratio of 0.82 and a current ratio of 1.25.

The firm also recently declared a dividend, which was paid on Monday, March 25th. Investors of record on Thursday, February 14th were paid a $0.47 dividend. The ex-dividend date was Thursday, February 14th. This represents a dividend yield of 1.58%. Royal Dutch Shell’s dividend payout ratio (DPR) is presently 51.43%.

About Royal Dutch Shell

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

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