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 note issued to investors on Friday. They currently have a GBX 1,950 ($24.13) target price on the stock. Canaccord Genuity’s price target suggests a potential downside of 5.93% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Macquarie dropped their price target on shares of Royal Dutch Shell Plc from GBX 2,300 ($28.47) to GBX 2,200 ($27.23) and set an “outperform” rating on the stock in a research note on Monday, August 1st. Citigroup Inc. reaffirmed a “neutral” rating on shares of Royal Dutch Shell Plc in a research note on Thursday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,600 ($32.18) target price on shares of Royal Dutch Shell Plc in a research note on Tuesday, August 16th. Liberum Capital lifted their target price 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 note on Wednesday, June 29th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 2,070 ($25.62) target price on shares of Royal Dutch Shell Plc in a research note on Monday, July 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Royal Dutch Shell Plc has an average rating of “Buy” and a consensus target price of GBX 2,074.29 ($25.67).
Royal Dutch Shell Plc (LON:RDSA) opened at 2073.50 on Friday. 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 has a 1-year low of GBX 1,256.00 and a 1-year high of GBX 2,140.00.
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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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