Shell (LON:SHEL) Given Buy Rating at JPMorgan Chase & Co.

Shell (LON:SHEL – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday,MarketScreener reports.

Several other equities research analysts also recently commented on SHEL. HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Monday. Berenberg Bank reduced their target price on Shell from GBX 4,100 to GBX 4,000 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Barclays reiterated a “buy” rating on shares of Shell in a research note on Thursday, May 7th. Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a report on Wednesday, April 8th. Finally, Morgan Stanley downgraded Shell to an “equal weight” rating in a report on Wednesday, March 25th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,949.

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Shell Stock Down 1.0%

Shares of SHEL traded down GBX 31 during mid-day trading on Friday, hitting GBX 3,208. 103,326,258 shares of the company traded hands, compared to its average volume of 12,712,430. The business has a 50 day moving average of GBX 3,348.28 and a 200 day moving average of GBX 3,000.07. The company has a market capitalization of £178.91 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 43.58. Shell has a 1-year low of GBX 2,403.50 and a 1-year high of GBX 3,592.

Insider Activity

In related news, insider Wael Sawan acquired 23,980 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average price of GBX 3,011 per share, with a total value of £722,037.80. Also, insider Sinead Gorman bought 15,841 shares of the stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of GBX 3,011 per share, for a total transaction of £476,972.51. 0.04% of the stock is currently owned by company insiders.

About Shell

(Get Free Report)

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.

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