Beaufort Securities Downgrades Royal Dutch Shell Plc to Hold (RDSA)
Royal Dutch Shell Plc (LON:RDSA) was downgraded by equities research analysts at Beaufort Securities to a “hold” rating in a research note issued to investors on Friday, American Banking News reports.
Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2085.00 on Friday. Royal Dutch Shell Plc has a 52-week low of GBX 1975.00 and a 52-week high of GBX 2323.50. The stock has a 50-day moving average of GBX 2059.93 and a 200-day moving average of GBX 2123.31. The company’s market cap is £131.3 billion.
RDSA has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Royal Dutch Shell Plc in a research note to investors on Friday. They now have a GBX 2,100 ($33.98) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Royal Dutch Shell Plc in a research note to investors on Friday. They now have a GBX 2,400 ($38.83) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Royal Dutch Shell Plc in a research note to investors on Friday, October 25th. They now have a GBX 2,320 ($37.53) price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 2,368.42 ($38.32).
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