Royal Dutch Shell (LON:RDSB) Price Target Cut to GBX 2,850 by Analysts at JPMorgan Chase & Co.

Royal Dutch Shell (LON:RDSB) had its target price trimmed by JPMorgan Chase & Co. from GBX 2,900 ($38.15) to GBX 2,850 ($37.49) in a research report released on Friday morning, Borsen Zeitung reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on the company. Goldman Sachs Group set a GBX 3,200 ($42.09) price target on Royal Dutch Shell and gave the company a buy rating in a report on Thursday, October 31st. Royal Bank of Canada reiterated a sector performer rating and issued a GBX 2,600 ($34.20) price objective on shares of Royal Dutch Shell in a report on Thursday, October 31st. Sanford C. Bernstein set a GBX 3,400 ($44.73) price objective on Royal Dutch Shell and gave the stock a buy rating in a research report on Thursday, October 31st. Barclays cut their price objective on Royal Dutch Shell from GBX 3,000 ($39.46) to GBX 2,850 ($37.49) and set an equal weight rating on the stock in a research report on Thursday, November 7th. Finally, Societe Generale reduced their target price on Royal Dutch Shell from GBX 2,800 ($36.83) to GBX 2,700 ($35.52) and set a buy rating on the stock in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Royal Dutch Shell presently has an average rating of Buy and an average price target of GBX 2,806.67 ($36.92).

Royal Dutch Shell stock opened at GBX 2,142 ($28.18) on Friday. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 46.18. The firm has a 50-day moving average of GBX 2,260.43 and a 200-day moving average of GBX 2,390.13. The firm has a market cap of $79.98 billion and a P/E ratio of 8.53. Royal Dutch Shell has a 1-year low of GBX 8.89 ($0.12) and a 1-year high of GBX 2,647 ($34.82).

The business also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Thursday, November 14th will be issued a $0.47 dividend. The ex-dividend date is Thursday, November 14th. This represents a yield of 1.57%. Royal Dutch Shell’s dividend payout ratio (DPR) is presently 0.58%.

Royal Dutch Shell Company Profile

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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