Canaccord Genuity Reiterates “Sell” Rating for Royal Dutch Shell Plc (LON:RDSB)

Royal Dutch Shell Plc (LON:RDSB)‘s stock had its “sell” rating reissued by stock analysts at Canaccord Genuity in a report issued on Friday. They currently have a GBX 1,900 ($24.81) target price on the stock. Canaccord Genuity’s target price would indicate a potential downside of 8.94% from the company’s current price.

Several other equities analysts have also commented on RDSB. UBS AG set a GBX 2,500 ($32.65) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Tuesday, April 25th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 2,500 ($32.65) price target on shares of Royal Dutch Shell Plc in a research note on Wednesday. Morgan Stanley set a GBX 2,560 ($33.43) price target on shares of Royal Dutch Shell Plc and gave the company a “buy” rating in a research note on Monday, July 17th. J P Morgan Chase & Co dropped their price target 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 note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) increased their price target 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 note on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,417.63 ($31.57).

Shares of Royal Dutch Shell Plc (LON RDSB) opened at 2086.50 on Friday. Royal Dutch Shell Plc has a 1-year low of GBX 1,869.25 and a 1-year high of GBX 2,403.68. The firm’s market capitalization is GBX 170.15 billion. The company has a 50-day moving average of GBX 2,107.92 and a 200-day moving average of GBX 2,187.46.

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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.

Analyst Recommendations for Royal Dutch Shell Plc (LON:RDSB)

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