Royal Dutch Shell (NYSE:RDS.A) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
A number of other brokerages have also weighed in on RDS.A. Zacks Investment Research lowered shares of Royal Dutch Shell from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Morgan Stanley lowered shares of Royal Dutch Shell from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 1st. Piper Jaffray Companies started coverage on shares of Royal Dutch Shell in a report on Tuesday, October 23rd. They issued a “neutral” rating for the company. Wolfe Research started coverage on shares of Royal Dutch Shell in a report on Friday, September 28th. They issued an “outperform” rating and a $88.00 price target for the company. Finally, Raymond James raised shares of Royal Dutch Shell from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $81.85.
Shares of NYSE RDS.A traded down $1.35 during mid-day trading on Thursday, hitting $62.77. 3,584,158 shares of the stock were exchanged, compared to its average volume of 3,556,989. The firm has a market cap of $264.67 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.84 and a beta of 1.01. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. Royal Dutch Shell has a twelve month low of $60.53 and a twelve month high of $73.86.
Royal Dutch Shell Company Profile
Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products.
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