RDS-A (RDS-A) Stock Rating Lowered by Canaccord Genuity
RDS-A (NASDAQ:RDS-A) was downgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “sell” rating in a research note issued to investors on Friday. They currently have a $50.55 price target on the stock, up from their previous price target of $35.80. Canaccord Genuity’s target price would suggest a potential upside of 0.60% from the company’s previous close.
A number of other analysts have also recently weighed in on the company. Liberum Capital cut RDS-A from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Royal Bank Of Canada lowered RDS-A from an “outperform” rating to a “sector perform” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.39.
RDS-A (NASDAQ:RDS-A) opened at 50.25 on Friday. RDS-A has a 12-month low of $35.80 and a 12-month high of $56.29. The stock has a 50 day moving average price of $49.49 and a 200-day moving average price of $50.96. The firm’s market capitalization is $201.00 billion.
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