Royal Dutch Shell (LON:RDSB) PT Set at GBX 2,950 by JPMorgan Chase & Co.

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Royal Dutch Shell (LON:RDSB) has been assigned a GBX 2,950 ($38.55) price objective by analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 13.86% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Societe Generale upgraded Royal Dutch Shell to a “buy” rating in a report on Friday, May 31st. UBS Group reiterated a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a report on Wednesday, June 5th. HSBC upgraded AU Optronics from a “reduce” rating to a “hold” rating in a report on Wednesday. Deutsche Bank increased their price target on Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Friday. Finally, Goldman Sachs Group upgraded to a “buy” rating and set a GBX 1,180 ($15.42) price target on the stock in a report on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,996.54 ($39.16).

Shares of LON RDSB opened at GBX 2,591 ($33.86) on Friday. The company has a debt-to-equity ratio of 46.21, a quick ratio of 0.80 and a current ratio of 1.16. The business has a 50 day simple moving average of GBX 2,548.17. Royal Dutch Shell has a fifty-two week low of GBX 2,227 ($29.10) and a fifty-two week high of GBX 2,766.50 ($36.15). The stock has a market capitalization of $97.05 billion and a P/E ratio of 9.16.

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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Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

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