RDS-A (RDS-A) Receives Average Rating of “Buy” from Brokerages
Shares of RDS-A (NASDAQ:RDS-A) have been given a consensus rating of “Buy” by the eleven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $56.20.
A number of equities research analysts have recently issued reports on the stock. Societe Generale reaffirmed a “buy” rating on shares of RDS-A in a research note on Wednesday, July 26th. Macquarie cut shares of RDS-A from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 21st. BNP Paribas raised shares of RDS-A from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $46.57 to $56.39 in a research note on Friday, May 26th. Simmons reaffirmed an “overweight” rating and issued a $60.00 price objective (down previously from $61.00) on shares of RDS-A in a research note on Wednesday, April 19th. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a $46.57 price objective (down previously from $56.39) on shares of RDS-A in a research note on Wednesday, April 19th.
RDS-A (NASDAQ:RDS-A) traded down 0.64% during mid-day trading on Friday, hitting $55.64. 2,422,928 shares of the company traded hands. RDS-A has a one year low of $46.57 and a one year high of $57.75. The firm has a market capitalization of $228.48 billion and a P/E ratio of 28.45. The firm has a 50 day moving average of $54.56 and a 200 day moving average of $53.64.
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