Shell (LON:SHEL – Get Rating) has been given a GBX 3,200 ($38.55) price target by stock analysts at Royal Bank of Canada in a report released on Thursday, Borsen Zeitung reports. Royal Bank of Canada’s price target indicates a potential upside of 46.86% from the company’s previous close.
A number of other equities analysts have also recently issued reports on SHEL. Berenberg Bank set a GBX 2,975 ($35.84) price objective on shares of Shell in a research report on Monday, June 13th. UBS Group set a GBX 2,650 ($31.93) target price on shares of Shell in a report on Monday, July 18th. Morgan Stanley restated an “overweight” rating and issued a GBX 2,860 ($34.46) target price (up previously from GBX 2,570 ($30.96)) on shares of Shell in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft set a GBX 2,779 ($33.48) target price on shares of Shell in a report on Wednesday, July 6th. Finally, Barclays set a GBX 3,000 ($36.14) target price on shares of Shell in a report on Monday, July 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,801.40 ($33.75).
Shell Price Performance
SHEL stock opened at GBX 2,179 ($26.25) on Thursday. The company has a market cap of £160.34 billion and a PE ratio of 939.22. The stock’s 50-day moving average is GBX 2,178.25. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 47.93. Shell has a 1 year low of GBX 1,833.40 ($22.09) and a 1 year high of GBX 2,459.24 ($29.63).
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 necessary to deliver gas to market.
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