Trading Report: The Royal Dutch Shell Plc’s (RDSA) Sell Rating Reaffirm at Canaccord Genuity

The Royal Dutch Shell Plc’s (RDSA) Sell Rating Reaffirm at Canaccord Genuity

Royal Dutch Shell Plc (LON:RDSA)‘s stock had its “sell” rating reissued by equities researchers at Canaccord Genuity in a research note issued to investors on Wednesday. They presently have a GBX 1,950 ($24.36) target price on the stock. Canaccord Genuity’s price target would suggest a potential downside of 3.03% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($32.48) price target on shares of Royal Dutch Shell Plc in a report on Monday, July 18th. HSBC increased their price target on shares of Royal Dutch Shell Plc from GBX 2,050 ($25.61) to GBX 2,260 ($28.24) and gave the stock a “buy” rating in a report on Tuesday, October 11th. JPMorgan Chase & Co. increased their price target on shares of Royal Dutch Shell Plc from GBX 1,630 ($20.36) to GBX 1,952 ($24.39) and gave the stock a “neutral” rating in a report on Thursday, July 21st. Macquarie cut their price target on shares of Royal Dutch Shell Plc from GBX 2,300 ($28.74) to GBX 2,200 ($27.49) and set an “outperform” rating on the stock in a report on Monday, August 1st. Finally, Jefferies Group increased their price target on shares of Royal Dutch Shell Plc from GBX 2,400 ($29.99) to GBX 2,450 ($30.61) and gave the stock a “buy” rating in a report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 2,145.06 ($26.80).

Royal Dutch Shell Plc (LON:RDSA) traded down 0.49% during trading on Wednesday, hitting GBX 2016.83. 4,509,385 shares of the stock traded hands. Royal Dutch Shell Plc has a 52-week low of GBX 1,256.00 and a 52-week high of GBX 2,140.00. The stock has a 50 day moving average price of GBX 2,044.93 and a 200-day moving average price of GBX 1,917.02.

The company also recently disclosed a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 10th will be issued a GBX 0.47 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.81%.

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