Shell (LON:SHEL) Given a GBX 3,000 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a GBX 3,000 ($36.76) target price on Shell (LON:SHELGet Rating) in a research report released on Monday morning, Borsen Zeitung reports.

Several other research analysts also recently weighed in on the stock. Citigroup dropped their target price on shares of Shell from GBX 2,045 ($25.06) to GBX 2,025 ($24.81) and set a neutral rating for the company in a report on Friday, July 8th. UBS Group set a GBX 2,650 ($32.47) target price on shares of Shell in a report on Monday, July 18th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 2,860 ($35.04) target price (up previously from GBX 2,570 ($31.49)) on shares of Shell in a report on Wednesday, May 11th. Jefferies Financial Group set a GBX 2,700 ($33.08) target price on shares of Shell in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. set a GBX 3,000 ($36.76) target price on shares of Shell in a report on Thursday, July 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Shell presently has a consensus rating of Moderate Buy and a consensus price target of GBX 2,801.40 ($34.33).

Shell Stock Performance

Shares of Shell stock opened at GBX 2,161.50 ($26.49) on Monday. The company has a market cap of £159.05 billion and a P/E ratio of 556.70. The company has a debt-to-equity ratio of 43.10, a current ratio of 1.39 and a quick ratio of 0.89. The business has a fifty day moving average price of GBX 2,173.80. Shell has a fifty-two week low of GBX 1,833.40 ($22.47) and a fifty-two week high of GBX 2,459.24 ($30.13).

Shell Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 19th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.25 per share. This represents a dividend yield of 0.98%. The ex-dividend date is Thursday, August 11th. Shell’s dividend payout ratio is 23.14%.

About Shell

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Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

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