Shell’s (SHEL) “Buy” Rating Reaffirmed at Berenberg Bank

Shell (LON:SHEL)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Wednesday, MarketBeat reports. They presently have a GBX 3,250 ($40.90) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 21.09% from the stock’s current price.

Several other analysts also recently issued reports on SHEL. JPMorgan Chase & Co. upped their price target on Shell from GBX 3,200 ($40.27) to GBX 3,300 ($41.53) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,200 ($40.27) price objective on shares of Shell in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 3,325 ($41.84).

Shell Stock Down 0.1 %

SHEL traded down GBX 2 ($0.03) during trading on Wednesday, reaching GBX 2,684 ($33.77). The stock had a trading volume of 4,923,628 shares, compared to its average volume of 9,522,975. The stock has a 50 day moving average of GBX 2,587.59 and a two-hundred day moving average of GBX 2,593.43. The firm has a market capitalization of £202.11 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. Shell has a 1-year low of GBX 2,374.50 ($29.88) and a 1-year high of GBX 2,961 ($37.26).

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.