Shell (NYSE:SHEL) Price Target Raised to $82.00 at TD Securities

Shell (NYSE:SHEL) had its target price increased by investment analysts at TD Securities from $81.00 to $82.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. TD Securities’ target price would indicate a potential upside of 14.91% from the company’s current price.

Several other research firms have also weighed in on SHEL. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, TD Cowen assumed coverage on shares of Shell in a research report on Wednesday. They issued a “buy” rating and a $81.00 target price for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus target price of $79.48.

Shell Stock Up 0.5 %

SHEL stock opened at $71.36 on Wednesday. The stock has a market capitalization of $217.02 billion, a P/E ratio of 14.21, a PEG ratio of 0.98 and a beta of 0.47. The company has a 50 day moving average price of $66.64 and a two-hundred day moving average price of $66.19. Shell has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, sell-side analysts expect that Shell will post 7.67 EPS for the current year.

Institutional Trading of Shell

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valley National Advisers Inc. lifted its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Shell during the 4th quarter valued at $28,000. Human Investing LLC bought a new position in shares of Shell during the 4th quarter valued at $31,000. Transce3nd LLC bought a new position in shares of Shell during the 4th quarter valued at $34,000. Finally, Brooklyn Investment Group acquired a new position in Shell in the 3rd quarter valued at $35,000. 28.60% of the stock is owned by institutional investors and hedge funds.

About Shell

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.