J P Morgan Chase & Co Reaffirms Overweight Rating for Royal Dutch Shell plc (RDSA)
J P Morgan Chase & Co restated their overweight rating on shares of Royal Dutch Shell plc (LON:RDSA) in a research report sent to investors on Thursday. They currently have a GBX 2,650 ($34.85) price target on the stock.
A number of other equities analysts have also weighed in on the stock. Credit Suisse Group reissued an outperform rating and issued a GBX 2,500 ($32.88) price objective on shares of Royal Dutch Shell plc in a research report on Friday, September 8th. Barclays PLC reissued an overweight rating and issued a GBX 2,750 ($36.17) price objective on shares of Royal Dutch Shell plc in a research report on Tuesday, September 19th. Morgan Stanley reissued an overweight rating on shares of Royal Dutch Shell plc in a research report on Monday, July 17th. Deutsche Bank AG boosted their price objective on shares of Royal Dutch Shell plc from GBX 2,400 ($31.57) to GBX 2,450 ($32.22) and gave the company a buy rating in a research report on Monday, September 4th. Finally, HSBC Holdings plc reissued a buy rating and issued a GBX 2,450 ($32.22) price objective on shares of Royal Dutch Shell plc in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 2,524.17 ($33.20).
Shares of Royal Dutch Shell plc (RDSA) traded down GBX 37.50 ($0.49) on Thursday, reaching GBX 2,418 ($31.80). 5,663,280 shares of the company’s stock were exchanged, compared to its average volume of 5,240,000. Royal Dutch Shell plc has a one year low of GBX 1,922.50 ($25.29) and a one year high of GBX 2,516.32 ($33.10).
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The business also recently announced a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be issued a $0.47 dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.5%.
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