The British bank Barclays lowers its investment advice for oil and gas group Shell from stable to underweight. Barclays points to the relatively high rating of Shell and the limited momentum.
The company, according to analysts, have the potential to perform well with free cash flow in the long term, but at the present time, there is limited momentum to the Shell until it is firm, with a strategic presentation, in the month of February. It can be used as a driver for the price, the market forces put it.
The Shell stock was slightly higher at 12.74 euros on Wednesday around 09.15.