Royal Bank of Canada Reiterates Outperform Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued on Friday, MarketBeat reports. They presently have a GBX 3,000 ($37.68) price objective on the stock. Royal Bank of Canada’s price objective points to a potential upside of 4.95% from the company’s current price.

Several other brokerages have also recently weighed in on SHEL. Barclays reaffirmed an “overweight” rating and issued a GBX 3,800 ($47.73) price target on shares of Shell in a research report on Friday. JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a report on Tuesday, February 20th. Bank of America reiterated a “buy” rating and issued a GBX 3,300 ($41.45) price target on shares of Shell in a report on Monday, April 22nd. Finally, Berenberg Bank decreased their price objective on Shell from GBX 3,000 ($37.68) to GBX 2,950 ($37.06) and set a “buy” rating for the company in a research note on Friday, February 16th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 3,109.78 ($39.06).

Shell Stock Down 0.5 %

LON:SHEL opened at GBX 2,858.50 ($35.91) on Friday. The company has a debt-to-equity ratio of 43.34, a current ratio of 1.40 and a quick ratio of 0.87. Shell has a 1-year low of GBX 2,214 ($27.81) and a 1-year high of GBX 2,952 ($37.08). The company has a 50-day moving average of GBX 2,688.63 and a 200 day moving average of GBX 2,596.26. The firm has a market cap of £183.52 billion, a PE ratio of 1,264.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57.

Insider Transactions at Shell

In other Shell news, insider Sinead Gorman bought 18,276 shares of Shell stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,545.46). In related news, insider Sinead Gorman bought 18,276 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of GBX 2,494 ($31.33) per share, for a total transaction of £455,803.44 ($572,545.46). Also, insider Charles Roxburgh bought 3,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of GBX 2,552 ($32.06) per share, for a total transaction of £76,560 ($96,168.82). Insiders own 0.13% of the company’s stock.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.