Shell (LON:SHEL) Given a GBX 2,450 Price Target at UBS Group

UBS Group set a GBX 2,450 ($31.93) target price on Shell (LON:SHELGet Rating) in a report published on Friday, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on Shell from GBX 2,038 ($26.56) to GBX 2,551 ($33.24) and gave the company a buy rating in a research report on Wednesday, March 23rd. Morgan Stanley set a GBX 2,570 ($33.49) target price on Shell in a research report on Wednesday, March 23rd. Barclays reaffirmed an overweight rating and issued a GBX 3,000 ($39.09) target price on shares of Shell in a research report on Wednesday, April 6th. Jefferies Financial Group set a GBX 2,600 ($33.88) target price on Shell in a research report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. set a GBX 2,700 ($35.18) target price on Shell in a research report on Thursday, April 7th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average price target of GBX 2,616.33 ($34.09).

SHEL stock opened at GBX 2,135 ($27.82) on Friday. The firm’s 50-day moving average price is GBX 2,012.88. Shell has a 12-month low of GBX 1,833.40 ($23.89) and a 12-month high of GBX 2,176.50 ($28.36). The company has a debt-to-equity ratio of 50.81, a quick ratio of 0.85 and a current ratio of 1.35. The stock has a market capitalization of £161.21 billion and a P/E ratio of 10.85.

The firm also recently declared a dividend, which was paid on Monday, March 28th. Investors of record on Thursday, February 17th were issued a $0.24 dividend. This represents a yield of 0.91%. The ex-dividend date was Thursday, February 17th. Shell’s dividend payout ratio is currently 0.42%.

In related news, insider Ben van Beurden sold 190,000 shares of the stock in a transaction dated Monday, February 7th. The stock was sold at an average price of GBX 2,040 ($26.58), for a total value of £3,876,000 ($5,050,820.95).

Shell Company Profile (Get Rating)

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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Analyst Recommendations for Shell (LON:SHEL)

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