Shell’s (SHEL) “Neutral” Rating Reaffirmed at Royal Bank Of Canada

Shell (LON:SHEL – Get Free Report)‘s stock had its “neutral” rating restated by research analysts at Royal Bank Of Canada in a research note issued on Thursday.

A number of other research firms have also recently issued reports on SHEL. UBS Group reiterated a “neutral” rating on shares of Shell in a research note on Tuesday, June 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 4,500 price target on shares of Shell in a research report on Tuesday, August 25th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a research report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,775.

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Shell Trading Up 1.0%

LON:SHEL opened at GBX 3,617 on Thursday. The firm has a market capitalization of £206.95 billion, a P/E ratio of 8.00, a P/E/G ratio of 2.50 and a beta of 0.43. The business has a 50 day simple moving average of GBX 3,390.09 and a 200 day simple moving average of GBX 3,285.58. The company has a debt-to-equity ratio of 40.42, a current ratio of 1.43 and a quick ratio of 0.86. Shell has a 12-month low of GBX 2,553.77 and a 12-month high of GBX 3,758.50.

Insider Activity

In related news, insider Sinead Gorman sold 30,000 shares of Shell stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 3,369, for a total transaction of £1,010,700. Insiders own 0.05% of the company’s stock.

Shell Company Profile

(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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