Citigroup Reiterates “Sell” Rating for Royal Dutch Shell (RDSB)
Royal Dutch Shell (LON:RDSB)‘s stock had its “sell” rating reissued by equities research analysts at Citigroup in a report released on Wednesday. They presently have a GBX 2,050 ($27.45) price target on the stock. Citigroup’s price target would suggest a potential downside of 14.74% from the stock’s current price.
A number of other research firms have also commented on RDSB. Morgan Stanley set a GBX 2,560 ($34.28) price target on Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, October 2nd. J P Morgan Chase & Co set a GBX 2,650 ($35.49) price target on Royal Dutch Shell and gave the company a “buy” rating in a research report on Friday, November 3rd. Macquarie reiterated a “neutral” rating and issued a GBX 2,150 ($28.79) price target on shares of Royal Dutch Shell in a research report on Thursday, October 26th. Deutsche Bank upped their price target on Royal Dutch Shell from GBX 2,450 ($32.81) to GBX 2,675 ($35.82) and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Goldman Sachs Group set a GBX 2,520 ($33.75) price target on Royal Dutch Shell and gave the company a “buy” rating in a research report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,567.11 ($34.38).
Royal Dutch Shell (RDSB) traded up GBX 15.83 ($0.21) during midday trading on Wednesday, hitting GBX 2,404.33 ($32.20). The company’s stock had a trading volume of 4,330,000 shares, compared to its average volume of 5,160,000. Royal Dutch Shell has a 1 year low of GBX 2,037 ($27.28) and a 1 year high of GBX 2,580.53 ($34.56).
TRADEMARK VIOLATION WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/01/citigroup-reiterates-sell-rating-for-royal-dutch-shell-rdsb.html.
About Royal Dutch Shell
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.
Receive News & Ratings for Royal Dutch Shell plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Dutch Shell plc and related companies with MarketBeat.com's FREE daily email newsletter.