Royal Dutch Shell Plc (RDSA) Earns “Neutral” Rating from Citigroup Inc.
Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup Inc. in a research note issued to investors on Thursday.
Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased 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 note on Thursday, July 21st. Jefferies Group reaffirmed a “buy” rating and issued a GBX 2,400 ($29.70) price objective on shares of Royal Dutch Shell Plc in a research note on Wednesday, September 7th. Credit Suisse Group AG raised their price objective on shares of Royal Dutch Shell Plc from GBX 2,070 ($25.62) to GBX 2,150 ($26.61) and gave the company an “outperform” rating in a research note on Friday, July 29th. HSBC reaffirmed a “buy” rating and issued a GBX 2,180 ($26.98) price objective (down from GBX 2,275 ($28.16)) on shares of Royal Dutch Shell Plc in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity dropped their price objective on shares of Royal Dutch Shell Plc from GBX 1,930 ($23.89) to GBX 1,830 ($22.65) and set a “hold” rating on the stock in a research note on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,067.24 ($25.58).
Royal Dutch Shell Plc (LON:RDSA) traded down 0.53% on Thursday, reaching GBX 2073.00. 5,303,608 shares of the company traded hands. The stock has a 50-day moving average price of GBX 1,905.74 and a 200-day moving average price of GBX 1,855.08. Royal Dutch Shell Plc has a 52-week low of GBX 1,256.00 and a 52-week high of GBX 2,140.00.
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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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