Royal Dutch Shell PLC (RDS.A) Downgraded by Societe Generale

Societe Generale downgraded shares of Royal Dutch Shell PLC (NYSE:RDS.A) from a buy rating to a hold rating in a research report released on Friday, November 3rd, Marketbeat reports.

A number of other equities analysts have also weighed in on the stock. Piper Jaffray Companies restated a buy rating and issued a $62.00 price objective on shares of Royal Dutch Shell PLC in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Royal Dutch Shell PLC from a hold rating to a sell rating in a research note on Thursday, August 31st. Jefferies Group LLC reiterated a buy rating and set a $63.20 target price on shares of Royal Dutch Shell PLC in a research note on Friday, October 6th. Finally, Scotiabank set a $54.00 target price on shares of Royal Dutch Shell PLC and gave the company a hold rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $58.78.

Royal Dutch Shell PLC (NYSE RDS.A) traded up $0.67 during trading on Friday, reaching $62.15. The company’s stock had a trading volume of 3,215,254 shares, compared to its average volume of 3,517,678. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 1.23. The company has a market cap of $260,900.00, a PE ratio of 19.78, a price-to-earnings-growth ratio of 3.45 and a beta of 1.08. Royal Dutch Shell PLC has a fifty-two week low of $48.34 and a fifty-two week high of $65.83.

Royal Dutch Shell PLC (NYSE:RDS.A) last released its earnings results on Thursday, November 2nd. The energy company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.32). Royal Dutch Shell PLC had a net margin of 3.71% and a return on equity of 6.64%. The business had revenue of $75.83 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. Royal Dutch Shell PLC’s revenue for the quarter was up 22.6% on a year-over-year basis. equities analysts forecast that Royal Dutch Shell PLC will post 3.58 EPS for the current 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.

Analyst Recommendations for Royal Dutch Shell PLC (NYSE:RDS.A)

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