Canaccord Genuity downgraded shares of Royal Dutch Shell Plc (LON:RDSA) to a sell rating in a research report released on Friday. They currently have GBX 1,950 ($24.13) target price on the stock, up from their previous target price of GBX 1,830 ($22.65).
RDSA has been the subject of several other reports. Citigroup Inc. restated a neutral rating on shares of Royal Dutch Shell Plc in a report on Thursday. Jefferies Group boosted their target price on 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 report on Monday, July 11th. HSBC restated a buy rating and issued a GBX 2,180 ($26.98) target price on shares of Royal Dutch Shell Plc in a report on Wednesday, September 7th. Barclays PLC restated an overweight rating and issued a GBX 2,600 ($32.18) target price on shares of Royal Dutch Shell Plc in a report on Tuesday, October 4th. Finally, Credit Suisse Group AG restated an outperform rating and issued a GBX 2,070 ($25.62) target price on shares of Royal Dutch Shell Plc in a report on Monday, July 4th. One investment 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 has an average rating of Buy and a consensus target price of GBX 2,053.12 ($25.41).
Royal Dutch Shell Plc (LON:RDSA) traded down 0.98% during trading on Friday, reaching GBX 2064.00. 2,764,773 shares of the company’s stock were exchanged. Royal Dutch Shell Plc has a 52-week low of GBX 1,256.00 and a 52-week high of GBX 2,140.00. The stock’s 50-day moving average price is GBX 1,911.03 and its 200-day moving average price is GBX 1,856.94.
About Royal Dutch Shell Plc
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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