Royal Dutch Shell (LON:RDSA) Earns “Sell” Rating from Citigroup

Citigroup restated their sell rating on shares of Royal Dutch Shell (LON:RDSA) in a research note issued to investors on Wednesday, November 29th. They currently have a GBX 2,050 ($27.59) target price on the stock.

Several other research analysts have also weighed in on RDSA. Barclays reiterated an overweight rating and set a GBX 2,750 ($37.01) target price on shares of Royal Dutch Shell in a report on Tuesday, August 15th. Credit Suisse Group reissued an outperform rating and issued a GBX 2,635 ($35.46) price target on shares of Royal Dutch Shell in a research note on Wednesday, November 29th. reissued a buy rating and issued a GBX 2,500 ($33.65) price target on shares of Royal Dutch Shell in a research note on Monday, October 16th. Deutsche Bank lifted their price target on Royal Dutch Shell from GBX 2,450 ($32.97) to GBX 2,675 ($36.00) and gave the company a buy rating in a research note on Sunday, November 5th. Finally, Morgan Stanley lifted their price target on Royal Dutch Shell from GBX 2,770 ($37.28) to GBX 2,930 ($39.43) and gave the company a top pick rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 2,595 ($34.93).

Royal Dutch Shell (LON RDSA) traded up GBX 38.06 ($0.51) during mid-day trading on Wednesday, reaching GBX 2,384.50 ($32.09). The company’s stock had a trading volume of 2,458,959 shares, compared to its average volume of 6,520,000. Royal Dutch Shell has a 52-week low of GBX 1,982.50 ($26.68) and a 52-week high of GBX 2,516.32 ($33.87).

The firm also recently declared a dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 16th will be issued a dividend of $0.47 per share. This represents a yield of 1.5%. The ex-dividend date is Thursday, November 16th.

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Analyst Recommendations for Royal Dutch Shell (LON:RDSA)

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