Canaccord Genuity Lowers Royal Dutch Shell Plc (RDSA) to Sell
Royal Dutch Shell Plc (LON:RDSA) was downgraded by research analysts at Canaccord Genuity to a “sell” rating in a research report issued on Friday. They currently have a GBX 1,950 ($24.13) price target on the stock. Canaccord Genuity’s price objective would indicate a potential downside of 5.93% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Jefferies Group upped their price target on shares of Royal Dutch Shell Plc from GBX 2,040 ($25.25) to GBX 2,400 ($29.70) and gave the stock a “buy” rating in a research report on Monday, July 11th. Liberum Capital upped their price target on shares of Royal Dutch Shell Plc from GBX 1,910 ($23.64) to GBX 2,071 ($25.63) and gave the stock a “buy” rating in a research report on Wednesday, June 29th. HSBC reiterated a “buy” rating and issued a GBX 2,000 ($24.75) price target on shares of Royal Dutch Shell Plc in a research report on Monday, June 27th. Deutsche Bank AG restated a “buy” rating on shares of Royal Dutch Shell Plc in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Royal Dutch Shell Plc from GBX 1,630 ($20.17) to GBX 1,952 ($24.16) and gave the stock a “neutral” rating in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,074.29 ($25.67).
Royal Dutch Shell Plc (LON:RDSA) opened at 2073.50 on Friday. Royal Dutch Shell Plc has a 12 month low of GBX 1,256.00 and a 12 month high of GBX 2,140.00. The company has a 50-day moving average of GBX 1,905.74 and a 200-day moving average of GBX 1,855.08.
Royal Dutch Shell Plc Company Profile
Royal Dutch Shell plc (Shell) is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas, which are engaged in searching for and recovering crude oil and natural gas, the liquefaction and transportation of gas, the extraction of bitumen from oil sands and converting it into synthetic crude oil, and wind energy.
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