Shell (LON:SHEL – Get Rating) has been assigned a GBX 3,000 ($37.59) price objective by analysts at Royal Bank of Canada in a research report issued on Tuesday, Borsen Zeitung reports. Royal Bank of Canada’s price objective points to a potential upside of 25.29% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Barclays restated an “overweight” rating and issued a GBX 3,000 ($37.59) price target on shares of Shell in a report on Thursday, May 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,850 ($35.71) price objective on shares of Shell in a research note on Thursday, May 26th. UBS Group set a GBX 2,450 ($30.70) price objective on shares of Shell in a research note on Wednesday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 2,860 ($35.84) price objective (up from GBX 2,570 ($32.21)) on shares of Shell in a research note on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,551 ($31.97) price objective on shares of Shell in a research note on Friday, May 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Shell currently has an average rating of “Buy” and a consensus price target of GBX 2,665.70 ($33.40).
LON:SHEL opened at GBX 2,394.50 ($30.01) on Tuesday. The company has a debt-to-equity ratio of 47.93, a current ratio of 1.34 and a quick ratio of 0.90. The firm has a market capitalization of £178.04 billion and a PE ratio of 10.89. The business has a fifty day moving average of GBX 2,237.54. Shell has a 12 month low of GBX 1,833.40 ($22.97) and a 12 month high of GBX 2,423.50 ($30.37).
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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