Shell (LON:SHEL) Given “Buy” Rating at Barclays

Barclays reaffirmed their buy rating on shares of Shell (LON:SHEL) in a research note issued to investors on Tuesday,MarketScreener reports.

A number of other research analysts have also commented on the company. UBS Group reissued a “neutral” rating and set a GBX 2,850 price target on shares of Shell in a report on Friday, January 23rd. Royal Bank Of Canada reduced their price objective on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research report on Friday, December 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,066.67.

Shell Price Performance

Shares of Shell stock opened at GBX 3,583 on Tuesday. The business’s fifty day moving average price is GBX 3,061.83 and its two-hundred day moving average price is GBX 2,853.96. The company has a debt-to-equity ratio of 59.97, a current ratio of 1.30 and a quick ratio of 0.87. The company has a market capitalization of £201.83 billion, a P/E ratio of 11.94, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 1-year low of GBX 2,269.92 and a 1-year high of GBX 3,591.50.

Insider Activity at Shell

In related news, insider Sinead Gorman bought 15,841 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were bought at an average cost of GBX 3,011 per share, with a total value of £476,972.51. Also, insider Wael Sawan purchased 23,980 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average cost of GBX 3,011 per share, for a total transaction of £722,037.80. Insiders own 0.04% of the company’s stock.

Shell Company Profile

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.