Shell (LON:SHEL) Price Target Raised to GBX 3,250

Shell (LON:SHEL) had its target price raised by Berenberg Bank from GBX 3,000 to GBX 3,250 in a report released on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Citigroup boosted their target price on Shell from GBX 2,450 to GBX 2,650 and gave the stock a “neutral” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research note on Friday, October 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,600 target price on shares of Shell in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,210.

Shell Stock Up 0.9%

Shell stock opened at GBX 2,863.50 on Monday. The company’s 50 day moving average is GBX 2,718.72 and its two-hundred day moving average is GBX 2,625.10. The firm has a market cap of £164.63 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. Shell has a 52-week low of GBX 2,269.92 and a 52-week high of GBX 2,903.

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.