Shell (NYSE:SHEL) Upgraded at Morgan Stanley

Shell (NYSE:SHEL) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a $79.80 price target on the energy company’s stock, up from their previous price target of $66.50. Morgan Stanley’s price target would indicate a potential upside of 23.38% from the stock’s current price.

Several other brokerages have also recently issued reports on SHEL. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank dropped their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average price target of $79.83.

Shell Price Performance

Shares of NYSE:SHEL opened at $64.68 on Tuesday. The company has a market capitalization of $199.04 billion, a PE ratio of 13.31, a PEG ratio of 4.84 and a beta of 0.55. The business has a fifty day moving average price of $64.50 and a 200-day moving average price of $68.15. Shell has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Institutional Investors Weigh In On Shell

Several hedge funds and other institutional investors have recently modified their holdings of SHEL. Fortitude Family Office LLC purchased a new stake in Shell in the third quarter worth about $30,000. Fairscale Capital LLC bought a new stake in Shell during the 2nd quarter worth approximately $33,000. Valley Wealth Managers Inc. purchased a new position in Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Shell in the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

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.