Shell (LON:SHEL – Get Free Report)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 3,800 ($47.73) target price on the stock. Barclays‘s price objective points to a potential upside of 32.94% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Bank of America reiterated a “buy” rating and issued a GBX 3,300 ($41.45) price target on shares of Shell in a research report on Monday, April 22nd. Berenberg Bank reduced their target price on Shell from GBX 3,000 ($37.68) to GBX 2,950 ($37.06) and set a “buy” rating for the company in a report on Friday, February 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Shell in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 3,000 ($37.68) price objective on shares of Shell in a research report on Monday, April 8th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 3,109.78 ($39.06).
View Our Latest Analysis on Shell
Shell Stock Down 0.5 %
Insider Activity at Shell
In other news, insider Charles Roxburgh bought 3,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of GBX 2,552 ($32.06) per share, with a total value of £76,560 ($96,168.82). In other Shell news, insider Sinead Gorman purchased 18,276 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired 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 acquired 3,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of GBX 2,552 ($32.06) per share, for a total transaction of £76,560 ($96,168.82). 0.13% of the stock is currently owned by insiders.
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.
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