Royal Dutch Shell (OTCMKTS:RDS-A) Cut to Hold at HSBC

Royal Dutch Shell (OTCMKTS:RDS-A) was downgraded by analysts at HSBC from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, FinViz reports.

Several other equities analysts also recently issued reports on the stock. Societe Generale raised shares of Royal Dutch Shell from a “hold” rating to a “buy” rating in a research note on Tuesday, June 22nd. raised shares of Royal Dutch Shell from a “sell” rating to a “neutral” rating in a research note on Wednesday, June 30th. Finally, Barclays raised shares of Royal Dutch Shell from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 13th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Royal Dutch Shell presently has a consensus rating of “Buy” and a consensus price target of $47.00.

Shares of RDS-A opened at $37.15 on Thursday. The firm’s 50-day moving average is $40.04.

Royal Dutch Shell Company Profile

Royal Dutch Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, Oil Products, Chemicals 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 (OTCMKTS:RDS-A)

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