Shell (NYSE:SHEL) Given New GBX 2,860 Price Target at Morgan Stanley

Shell (NYSE:SHELGet Rating) had its target price increased by Morgan Stanley from GBX 2,570 ($31.69) to GBX 2,860 ($35.26) in a report released on Wednesday morning, The Fly reports.

Several other research analysts have also recently issued reports on the company. UBS Group lifted their target price on Shell from GBX 2,450 ($30.21) to GBX 2,550 ($31.44) in a research report on Friday, May 6th. Wells Fargo & Company boosted their price objective on Shell from $63.00 to $68.00 and gave the stock an overweight rating in a research report on Friday, March 11th. JPMorgan Chase & Co. boosted their target price on Shell from GBX 2,700 ($33.29) to GBX 2,850 ($35.14) in a research note on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Shell from GBX 2,038 ($25.13) to GBX 2,551 ($31.45) in a report on Wednesday, March 23rd. Finally, Zacks Investment Research lowered Shell from a strong-buy rating to a hold rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Shell presently has a consensus rating of Buy and an average target price of $1,385.63.

Shares of Shell stock opened at $55.87 on Wednesday. The stock has a market capitalization of $213.70 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.35. Shell has a 52 week low of $48.27 and a 52 week high of $58.68. The stock has a 50 day moving average price of $54.39 and a two-hundred day moving average price of $49.87.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, May 20th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 19th. This is a boost from Shell’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.58%. Shell’s dividend payout ratio (DPR) is currently 34.41%.

A number of large investors have recently bought and sold shares of the business. Fisher Asset Management LLC purchased a new position in Shell in the first quarter worth about $1,076,420,000. Pendal Group Ltd purchased a new position in Shell in the first quarter worth about $228,638,000. Pzena Investment Management LLC purchased a new position in Shell in the first quarter worth about $181,177,000. JPMorgan Chase & Co. purchased a new position in Shell in the first quarter worth about $177,361,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in Shell in the first quarter worth about $116,959,000. 11.72% of the stock is currently owned by institutional investors and hedge funds.

About Shell (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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