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

Royal Dutch Shell (LON:RDSB) has been given a GBX 2,950 ($38.55) price target by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.86% from the stock’s current price.

Several other analysts have also issued reports on RDSB. Morgan Stanley set a €9.00 ($10.47) price target on Commerzbank and gave the company a “neutral” rating in a report on Thursday, May 9th. Credit Suisse Group began coverage on LTC Properties in a research note on Wednesday. They issued an “underperform” rating and a $19.00 price objective for the company. UBS Group reaffirmed a “buy” rating and issued a $190.00 price objective on shares of salesforce.com in a research note on Wednesday, June 5th. Jefferies Financial Group began coverage on in a research note on Wednesday, June 12th. They issued a “hold” rating and a GBX 250 ($3.27) price objective for the company. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 620 ($8.10) price objective on shares of in a research note on Friday, June 21st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Royal Dutch Shell presently has a consensus rating of “Buy” and a consensus target price of GBX 2,996.54 ($39.16).

LON:RDSB opened at GBX 2,591 ($33.86) on Friday. The firm’s 50-day moving average is GBX 2,548.17. Royal Dutch Shell has a 52-week low of GBX 2,227 ($29.10) and a 52-week high of GBX 2,766.50 ($36.15). The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 46.21. The company has a market capitalization of $97.05 billion and a price-to-earnings ratio of 9.16.

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.

Featured Story: What is a Derivative?

Analyst Recommendations for Royal Dutch Shell (LON:RDSB)

Receive News & Ratings for Royal Dutch Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell and related companies with MarketBeat.com's FREE daily email newsletter.