Shell (LON:SHEL) Receives Neutral Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Shell (LON:SHEL) in a research report sent to investors on Friday morning, Marketbeat reports. UBS Group currently has a GBX 2,850 target price on the stock.

A number of other research analysts have also recently weighed in on SHEL. JPMorgan Chase & Co. boosted 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 note on Friday, December 5th. Citigroup upped their price objective on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Berenberg Bank raised their target price on Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Jefferies Financial Group boosted their target price on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 3,600 price target on shares of Shell in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,133.33.

Shell Stock Performance

Shares of LON:SHEL opened at GBX 2,700.77 on Friday. The company has a market capitalization of £153.62 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company’s 50-day moving average is GBX 2,729.99 and its 200 day moving average is GBX 2,715.53. Shell has a fifty-two week low of GBX 2,269.92 and a fifty-two week high of GBX 2,937.50.

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.