Royal Bank Of Canada Cuts Shell (LON:SHEL) Price Target to GBX 3,200

Shell (LON:SHEL) had its price target decreased by Royal Bank Of Canada from GBX 3,600 to GBX 3,200 in a report published on Monday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group upped their price target on shares of Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, November 17th. Citigroup increased their price target 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. JPMorgan Chase & Co. lifted their price target on Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research report on Friday, December 5th. Berenberg Bank boosted their price objective on Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,850 target price on shares of Shell in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,066.67.

Shell Stock Up 1.3%

SHEL stock opened at GBX 2,732.50 on Monday. The company has a 50-day simple moving average of GBX 2,722.47 and a 200 day simple moving average of GBX 2,717.26. The company has a market capitalization of £155.42 billion, a P/E ratio of 11.15, a PEG ratio of 2.50 and a beta of 0.51. 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.