Shell (LON:SHEL) Given Buy Rating at Bank of America

Bank of America reiterated their buy rating on shares of Shell (LON:SHEL) in a research report report published on Monday, LSE.Co.UK reports. Bank of America currently has a GBX 3,300 ($40.76) price target on the stock.

A number of other equities research analysts have also recently issued reports on the company. Barclays reiterated an overweight rating and issued a GBX 3,800 ($46.94) target price on shares of Shell in a research note on Monday, April 8th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Shell in a research note on Tuesday, February 20th. Berenberg Bank cut their target price on 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. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 3,000 ($37.06) price objective on shares of Shell in a research note on Monday, April 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell presently has a consensus rating of Buy and an average price target of GBX 3,109.78 ($38.41).

Shell Stock Performance

SHEL stock opened at GBX 2,907 ($35.91) on Monday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a market capitalization of £186.63 billion, a price-to-earnings ratio of 1,286.28, a PEG ratio of 3.14 and a beta of 0.57. Shell has a 1 year low of GBX 2,214 ($27.35) and a 1 year high of GBX 2,952 ($36.46). The stock’s fifty day moving average is GBX 2,619.42 and its two-hundred day moving average is GBX 2,583.26.

Shell Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 25th. Investors of record on Thursday, February 15th were paid a dividend of $0.34 per share. This is a boost from Shell’s previous dividend of $0.33. This represents a dividend yield of 1.11%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is currently 4,778.76%.

Insider Buying and Selling

In other news, insider Charles Roxburgh bought 3,000 shares of the 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, with a total value of £76,560 ($94,565.22). In other news, insider Sinead Gorman bought 18,276 shares of the stock in a transaction that occurred 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 bought 3,000 shares of the 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). 0.13% of the stock is owned by corporate insiders.

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.