HSBC Downgrades Royal Dutch Shell (NYSE:RDS.A) to Hold

Royal Dutch Shell (NYSE:RDS.A) was downgraded by research analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

Several other brokerages have also commented on RDS.A. BNP Paribas lowered shares of Royal Dutch Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 3rd. BMO Capital Markets began coverage on shares of Royal Dutch Shell in a report on Tuesday, August 20th. They issued a “market perform” rating for the company. Cowen lowered shares of Royal Dutch Shell from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $69.00 to $60.00 in a report on Thursday, September 5th. Barclays lowered shares of Royal Dutch Shell from an “overweight” rating to an “equal weight” rating in a report on Monday, August 19th. Finally, ValuEngine lowered shares of Royal Dutch Shell from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Royal Dutch Shell currently has a consensus rating of “Hold” and a consensus price target of $73.33.

NYSE RDS.A traded up $0.40 on Wednesday, hitting $56.95. 274,039 shares of the company’s stock traded hands, compared to its average volume of 2,674,338. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. Royal Dutch Shell has a 1-year low of $54.56 and a 1-year high of $70.09. The firm’s 50-day moving average price is $57.44 and its two-hundred day moving average price is $62.13. The firm has a market capitalization of $231.97 billion, a PE ratio of 11.04, a P/E/G ratio of 2.29 and a beta of 0.85.

Royal Dutch Shell (NYSE:RDS.A) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.36). The business had revenue of $91.84 billion for the quarter, compared to analyst estimates of $91.60 billion. Royal Dutch Shell had a net margin of 5.34% and a return on equity of 10.03%. On average, research analysts anticipate that Royal Dutch Shell will post 4.51 earnings per share for the current fiscal year.

Royal Dutch Shell Company Profile

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for, and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

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Analyst Recommendations for Royal Dutch Shell (NYSE:RDS.A)

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