Shell (LON:SHEL) Rating Reiterated by Bank of America

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by Bank of America in a research note issued on Monday, MarketBeat Ratings reports. They currently have a GBX 3,300 ($40.76) price target on the stock. Bank of America‘s price target would indicate a potential upside of 13.99% from the company’s current price.

Several other research firms have also recently commented on SHEL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 3,000 ($37.06) price objective on shares of Shell in a research report on Monday, April 8th. Barclays reiterated an “overweight” rating and issued a GBX 3,800 ($46.94) price target on shares of Shell in a research note on Monday, April 8th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research note on Tuesday, February 20th. Finally, Berenberg Bank decreased their price target on shares of Shell from GBX 3,000 ($37.06) to GBX 2,950 ($36.44) and set a “buy” rating on the stock in a research note on Friday, February 16th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell has an average rating of “Buy” and a consensus target price of GBX 3,109.78 ($38.41).

Shell Trading Down 0.4 %

Shares of LON SHEL opened at GBX 2,895 ($35.76) on Monday. The company’s fifty day moving average is GBX 2,627.55 and its 200-day moving average is GBX 2,585.44. The stock has a market cap of £185.86 billion, a price-to-earnings ratio of 1,280.97, a P/E/G ratio of 3.14 and a beta of 0.57. Shell has a twelve month low of GBX 2,214 ($27.35) and a twelve month high of GBX 2,952 ($36.46). The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 43.34.

Insider Buying and Selling at Shell

In other news, insider Sinead Gorman acquired 18,276 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of GBX 2,494 ($30.81) per share, for a total transaction of £455,803.44 ($562,998.32). In other Shell news, insider Sinead Gorman acquired 18,276 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of GBX 2,494 ($30.81) per share, with a total value of £455,803.44 ($562,998.32). Also, insider Charles Roxburgh purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of GBX 2,552 ($31.52) per share, for a total transaction of £76,560 ($94,565.22). Corporate insiders own 0.13% of the company’s stock.

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.