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11/14/08 – ING Financial Markets
LONDON, November 14 (newratings.com) – Analysts at ING Financial Markets downgrade Royal Dutch Shell (RDSA) from “buy” to “hold.” The 12-month target price has been reduced from 25.50 to 22.56.
In a research note published this morning, the analysts mention that the sharp decline in global oil prices is likely to restrict the companys free cash flows going forward. Royal Dutch Shells future profitability is also expected to be negatively impacted by the lower oil macro scenario, global recession and the companys huge investments in complex and unconventional projects, the analysts add.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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