Shell (LON:SHEL – Get Rating)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 3,200 ($39.05) price target on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 35.42% from the company’s current price.
A number of other brokerages have also recently commented on SHEL. Jefferies Financial Group set a GBX 3,100 ($37.83) price target on shares of Shell in a research report on Monday, January 9th. JPMorgan Chase & Co. set a GBX 2,950 ($36.00) price objective on Shell in a research note on Friday, December 2nd. Deutsche Bank Aktiengesellschaft set a GBX 2,987 ($36.45) price objective on Shell in a research note on Monday, January 9th. Credit Suisse Group set a GBX 3,500 ($42.71) price objective on Shell in a research note on Monday, January 9th. Finally, UBS Group set a GBX 2,750 ($33.56) price objective on Shell in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,970.18 ($36.24).
Shell Stock Up 0.1 %
Shares of LON SHEL opened at GBX 2,363 ($28.83) on Thursday. Shell has a one year low of GBX 1,833.40 ($22.37) and a one year high of GBX 2,557 ($31.20). The company has a debt-to-equity ratio of 43.10, a current ratio of 1.38 and a quick ratio of 0.87. The firm’s 50 day simple moving average is GBX 2,352.52 and its two-hundred day simple moving average is GBX 2,280.25. The stock has a market capitalization of £165.46 billion and a P/E ratio of 504.91.
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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