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NewRatings.com: Shell ‘sell’

NewRatings.com: Shell ‘sell’

LONDON, June 17 2004 (New Ratings) – Analyst R Richards of Dryden Financial maintains his “sell” rating on Shell (SHE1.ETR).

In a research note published this morning, the analyst mentions that Shell’s share price is expected to remain under pressure in the near future due to concerns surrounding the company’s management structure and the reserve replacement issue. Shell has indicated that it is considering the implementation of a unified board structure, while abolishing priority shares, the analyst adds.

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