Shell’s (SHEL) Neutral Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their neutral rating on shares of Shell (LON:SHEL) in a report published on Thursday morning.

A number of other brokerages have also recently commented on SHEL. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 target price on shares of Shell in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research report on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,500 price objective on shares of Shell in a research note on Tuesday, August 25th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Shell in a research report on Tuesday, June 16th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Shell currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,775.

Shell Trading Down 0.8%

Shares of SHEL stock opened at GBX 3,611 on Thursday. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,758.50. The firm has a fifty day moving average price of GBX 3,407.44 and a 200-day moving average price of GBX 3,291.41. The company has a debt-to-equity ratio of 40.42, a current ratio of 1.43 and a quick ratio of 0.86. The company has a market cap of £206.60 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 2.50 and a beta of 0.43.

Insider Activity at Shell

In related news, insider Sinead Gorman sold 30,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total value of £1,010,700. 0.05% of the stock is owned by company insiders.

Shell Company Profile

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.