Shell (LON:SHEL – Get Rating) has been assigned a GBX 3,200 ($38.67) price target by stock analysts at Royal Bank of Canada in a report issued on Monday, Borsen Zeitung reports. Royal Bank of Canada’s target price points to a potential upside of 39.34% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a GBX 2,779 ($33.58) price target on Shell in a research note on Wednesday, July 6th. Citigroup cut their target price on Shell from GBX 2,045 ($24.71) to GBX 2,025 ($24.47) and set a “neutral” rating for the company in a research note on Friday, July 8th. UBS Group set a GBX 2,650 ($32.02) price target on shares of Shell in a research note on Thursday. JPMorgan Chase & Co. set a GBX 3,000 ($36.25) price objective on shares of Shell in a research note on Thursday, September 1st. Finally, Berenberg Bank set a GBX 2,800 ($33.83) target price on shares of Shell in a research report on Friday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,881.40 ($34.82).
Shell Stock Down 0.8 %
Shares of LON SHEL opened at GBX 2,296.50 ($27.75) on Monday. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 43.10. The business has a 50-day moving average of GBX 2,188.19 and a 200-day moving average of GBX 2,177.06. The firm has a market capitalization of £166.81 billion and a price-to-earnings ratio of 560.12. Shell has a 12 month low of GBX 1,833.40 ($22.15) and a 12 month high of GBX 2,459.24 ($29.72).
Shell Company Profile
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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