Canaccord Genuity Reaffirms “Sell” Rating for Royal Dutch Shell Plc (RDSB)
Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “sell” rating reissued by analysts at Canaccord Genuity in a research note issued on Friday. They currently have a GBX 1,900 ($24.81) price target on the stock. Canaccord Genuity’s price target points to a potential downside of 10.04% from the stock’s previous close.
A number of other research analysts also recently issued reports on RDSB. UBS AG set a GBX 2,500 ($32.65) price target on shares of Royal Dutch Shell Plc and gave the stock a “buy” rating in a research report on Tuesday, April 25th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 2,500 ($32.65) price objective on shares of Royal Dutch Shell Plc in a research report on Wednesday. Morgan Stanley set a GBX 2,560 ($33.43) price objective on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research report on Monday. J P Morgan Chase & Co cut their price objective on shares of Royal Dutch Shell Plc from GBX 2,600 ($33.95) to GBX 2,400 ($31.34) and set an “overweight” rating on the stock in a research report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Royal Dutch Shell Plc from GBX 2,440 ($31.86) to GBX 2,490 ($32.52) and gave the company a “buy” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 2,417.63 ($31.57).
Shares of Royal Dutch Shell Plc (LON:RDSB) opened at 2100.00 on Friday. The stock has a 50 day moving average of GBX 2,108.52 and a 200-day moving average of GBX 2,188.17. The stock’s market capitalization is GBX 171.25 billion. Royal Dutch Shell Plc has a one year low of GBX 1,869.25 and a one year high of GBX 2,403.68.
About Royal Dutch Shell Plc
The Royal Dutch Shell plc explores for crude oil and natural gas around the world, both in conventional fields and from sources, such as tight rock, shale and coal formations. The Company’s segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment is engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products, as well as projects with an integrated activity, ranging from producing to commercializing gas.
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