Shell (LON:SHEL) Stock Rating Lowered by BNP Paribas Exane

Shell (LON:SHEL) was downgraded by equities research analysts at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat.com reports.

Several other research analysts have also issued reports on SHEL. JPMorgan Chase & Co. upped their target price on shares of Shell from GBX 3,600 to GBX 3,900 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 4,400 target price on shares of Shell in a research report on Thursday, April 9th. Barclays reiterated a “buy” rating on shares of Shell in a research report on Tuesday, March 31st. Royal Bank Of Canada reiterated a “neutral” rating on shares of Shell in a research report on Wednesday, April 8th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Shell in a research report on Thursday, April 2nd. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Shell has an average rating of “Hold” and a consensus target price of GBX 3,383.33.

Shell Stock Down 5.6%

Shares of LON:SHEL opened at GBX 3,196 on Friday. Shell has a 52-week low of GBX 2,373 and a 52-week high of GBX 3,592. The firm has a fifty day moving average of GBX 3,239.59 and a 200 day moving average of GBX 2,924.40. The firm has a market capitalization of £179.14 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 59.97, a quick ratio of 0.87 and a current ratio of 1.30.

Insider Activity

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

About Shell

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.