Royal Dutch Shell (RDSA) Receives “Sell” Rating from Citigroup

Royal Dutch Shell (LON:RDSA)‘s stock had its “sell” rating reiterated by stock analysts at Citigroup in a research note issued on Wednesday, October 3rd.

Several other analysts also recently weighed in on the company. Deutsche Bank lowered their target price on Royal Dutch Shell from GBX 2,850 ($37.24) to GBX 2,800 ($36.59) and set a “buy” rating for the company in a research note on Tuesday, July 31st. Credit Suisse Group set a GBX 3,175 ($41.49) target price on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Friday, July 27th. Morgan Stanley cut Royal Dutch Shell to an “equal weight” rating and set a GBX 2,860 ($37.37) price target on the stock. in a report on Thursday, August 2nd. JPMorgan Chase & Co. set a GBX 3,300 ($43.12) price target on Royal Dutch Shell and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, HSBC lifted their price target on Royal Dutch Shell from GBX 2,750 ($35.93) to GBX 2,800 ($36.59) and gave the company a “hold” rating in a report on Friday, July 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 2,896.18 ($37.84).

Shares of LON RDSA opened at GBX 2,478 ($32.38) on Wednesday. Royal Dutch Shell has a 12-month low of GBX 1,982.50 ($25.90) and a 12-month high of GBX 2,579.50 ($33.71).

Royal Dutch Shell Company Profile

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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