The Canaccord Genuity Downgrades Royal Dutch Shell Plc (RDSA) to Sell

The Canaccord Genuity Downgrades Royal Dutch Shell Plc (RDSA) to Sell

Royal Dutch Shell Plc (LON:RDSA) was downgraded by equities research analysts at Canaccord Genuity to a “sell” rating in a report released on Friday. They currently have a GBX 1,950 ($23.77) target price on the stock, up from their prior target price of GBX 1,830 ($22.30). Canaccord Genuity’s target price suggests a potential downside of 4.88% from the company’s current price.

RDSA has been the subject of several other research reports. HSBC decreased their price objective on shares of Royal Dutch Shell Plc from GBX 2,180 ($26.57) to GBX 2,050 ($24.98) and set a “buy” rating for the company in a research note on Tuesday, September 27th. Barclays PLC restated an “overweight” rating and set a GBX 2,450 ($29.86) price target on shares of Royal Dutch Shell Plc in a research note on Thursday, June 23rd. JPMorgan Chase & Co. raised their price target on shares of Royal Dutch Shell Plc from GBX 1,630 ($19.87) to GBX 1,952 ($23.79) and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Morgan Stanley raised their price target on shares of Royal Dutch Shell Plc from GBX 2,280 ($27.79) to GBX 2,400 ($29.25) and gave the stock an “overweight” rating in a research note on Monday, July 11th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Royal Dutch Shell Plc in a research note on Thursday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 2,064 ($25.16).

Shares of Royal Dutch Shell Plc (LON:RDSA) opened at 2078.00 on Friday. Royal Dutch Shell Plc has a 1-year low of GBX 1,256.00 and a 1-year high of GBX 2,140.00. The firm’s 50-day moving average price is GBX 1,916.86 and its 200 day moving average price is GBX 1,861.82.

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