Royal Dutch Shell (LON:RDSA) Stock Rating Lowered by Royal Bank of Canada

Royal Dutch Shell (LON:RDSA) was downgraded by investment analysts at Royal Bank of Canada to a “sector performer” rating in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also issued reports on the company. Credit Suisse Group reduced their price target on Royal Dutch Shell from GBX 3,175 ($41.49) to GBX 3,090 ($40.38) and set an “outperform” rating for the company in a research report on Wednesday, July 10th. Barclays lowered Royal Dutch Shell to an “equal weight” rating and reduced their price target for the stock from GBX 3,250 ($42.47) to GBX 3,100 ($40.51) in a research report on Tuesday, August 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a research report on Friday, August 2nd. UBS Group reiterated a “buy” rating and set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a research report on Wednesday, May 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a GBX 2,490 ($32.54) price target on shares of Royal Dutch Shell in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Royal Dutch Shell presently has an average rating of “Hold” and an average price target of GBX 2,858.67 ($37.35).

Shares of RDSA stock opened at GBX 2,297 ($30.01) on Thursday. The company has a debt-to-equity ratio of 47.21, a quick ratio of 0.73 and a current ratio of 1.10. Royal Dutch Shell has a 1 year low of GBX 2,209.50 ($28.87) and a 1 year high of GBX 2,687 ($35.11). The stock has a fifty day moving average of GBX 2,382.22 and a two-hundred day moving average of GBX 2,445.78. The firm has a market capitalization of $98.52 billion and a PE ratio of 925.46.

In other news, insider Neil A. P. Carson acquired 16,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of GBX 2,326 ($30.39) per share, for a total transaction of £372,160 ($486,292.96).

About Royal Dutch Shell

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

Further Reading: Sell-Side Analysts

Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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