Shell’s (SHEL) Buy Rating Reaffirmed at Bank of America

Bank of America reaffirmed their buy rating on shares of Shell (LON:SHEL) in a research note published on Wednesday, LSE.Co.UK reports. They currently have a GBX 3,400 ($44.71) price target on the stock.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Shell from GBX 3,550 ($46.68) to GBX 3,400 ($44.71) and set an overweight rating for the company in a research report on Tuesday. Berenberg Bank reiterated a buy rating and set a GBX 3,400 ($44.71) price target on shares of Shell in a research report on Tuesday, July 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of GBX 3,400 ($44.71).

Shell Price Performance

Shell stock opened at GBX 2,582.50 ($33.96) on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 40.32. The stock has a market cap of £160.63 billion, a P/E ratio of 1,201.16, a PEG ratio of 2.36 and a beta of 0.51. The company has a 50-day moving average price of GBX 2,775.89 and a 200 day moving average price of GBX 2,739.33. Shell has a 12-month low of GBX 2,345 ($30.83) and a 12-month high of GBX 2,961 ($38.93).

Shell Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 0.94%. Shell’s dividend payout ratio (DPR) is 4,976.74%.

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 to deliver gas to market.