Shell (LON:SHEL) Cut to “Neutral” at BNP Paribas Exane

Shell (LON:SHEL) was downgraded by equities researchers at BNP Paribas Exane to a “neutral” rating in a research report issued to clients and investors on Friday,MarketScreener reports.

SHEL has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,400 target price on shares of Shell in a research report on Thursday, April 9th. Rothschild & Co Redburn lowered Shell to a “neutral” rating in a report on Thursday, April 9th. Barclays reiterated a “buy” rating on shares of Shell in a research report on Tuesday, March 31st. Berenberg Bank restated a “buy” rating on shares of Shell in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 3,383.33.

Shell Stock Down 1.5%

SHEL stock opened at GBX 3,335 on Friday. Shell has a 1-year low of GBX 2,373 and a 1-year high of GBX 3,592. The firm has a market capitalization of £186.93 billion, a PE ratio of 11.12, a PEG ratio of 2.50 and a beta of 0.51. The business’s 50 day simple moving average is GBX 3,231.06 and its 200 day simple moving average is GBX 2,918.99. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 59.97.

Insider Transactions at Shell

In related news, insider Sinead Gorman acquired 15,841 shares of the stock in a transaction on Thursday, February 26th. The stock was acquired at an average price of GBX 3,011 per share, for a total transaction of £476,972.51. Also, insider Wael Sawan acquired 23,980 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average cost of GBX 3,011 per share, for a total transaction of £722,037.80. 0.04% of the stock is currently owned by company insiders.

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.