Shell (LON:SHEL) Given Neutral Rating at Royal Bank Of Canada

Shell (LON:SHEL)‘s stock had its “neutral” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Wednesday,MarketScreener reports.

Other analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Shell to an “equal weight” rating in a research note on Wednesday, March 25th. Jefferies Financial Group reissued a “buy” rating on shares of Shell in a research note on Thursday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Shell from GBX 3,600 to GBX 3,900 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Berenberg Bank reissued a “buy” rating on shares of Shell in a research note on Thursday, April 2nd. Finally, Barclays reissued a “buy” rating on shares of Shell in a research note on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Shell has an average rating of “Moderate Buy” and an average target price of GBX 3,183.33.

Shell Price Performance

Shares of LON:SHEL opened at GBX 3,347.50 on Wednesday. The company’s fifty day moving average is GBX 3,145.38 and its two-hundred day moving average is GBX 2,886.22. The company has a quick ratio of 0.87, a current ratio of 1.30 and a debt-to-equity ratio of 59.97. Shell has a 12-month low of GBX 2,269.92 and a 12-month high of GBX 3,592. The company has a market cap of £187.64 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

Insiders Place Their Bets

In related news, insider Wael Sawan purchased 23,980 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of GBX 3,011 per share, with a total value of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was bought at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Corporate insiders own 0.04% of the company’s stock.

About Shell

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.