Societe Generale Downgrades Royal Dutch Shell PLC (RDS.A) to Hold
Royal Dutch Shell PLC (NYSE:RDS.A) was downgraded by equities research analysts at Societe Generale from a “buy” rating to a “hold” rating in a report issued on Friday.
A number of other research firms also recently issued reports on RDS.A. Zacks Investment Research raised Royal Dutch Shell PLC from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Scotiabank set a $54.00 target price on Royal Dutch Shell PLC and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies reissued a “buy” rating on shares of Royal Dutch Shell PLC in a research note on Thursday, October 19th. Finally, Jefferies Group LLC set a $63.00 target price on Royal Dutch Shell PLC and gave the stock a “buy” rating in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Royal Dutch Shell PLC has an average rating of “Buy” and an average price target of $58.78.
The company has a market cap of $266.19 billion, a price-to-earnings ratio of 20.58 and a beta of 1.04.
Royal Dutch Shell PLC (NYSE:RDS.A) last announced its earnings results on Thursday, November 2nd. The energy company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.32). The business had revenue of $75.83 billion for the quarter, compared to the consensus estimate of $74.15 billion. Royal Dutch Shell PLC had a net margin of 3.71% and a return on equity of 6.69%. Royal Dutch Shell PLC’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 EPS. equities analysts anticipate that Royal Dutch Shell PLC will post 3.51 earnings per share for the current fiscal year.
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Royal Dutch Shell PLC Company Profile
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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