Royal Bank Of Canada Has Lowered Expectations for Shell (LON:SHEL) Stock Price

Shell (LON:SHEL) had its price objective reduced by research analysts at Royal Bank Of Canada from GBX 3,600 to GBX 3,200 in a research report issued on Monday, Marketbeat reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 19.74% from the company’s previous close.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their price target on Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Jefferies Financial Group boosted their target price on Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, November 17th. Berenberg Bank increased their price target on Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a research note on Monday, November 3rd. Citigroup raised their price target on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 2,850 price objective on shares of Shell in a report on Friday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,066.67.

Shell Stock Performance

Shell stock traded down GBX 28.27 during trading hours on Monday, reaching GBX 2,672.50. 7,339,170 shares of the company’s stock traded hands, compared to its average volume of 8,140,091. The firm has a market capitalization of £152.01 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.50 and a beta of 0.51. Shell has a fifty-two week low of GBX 2,269.92 and a fifty-two week high of GBX 2,937.50. The firm’s 50 day moving average is GBX 2,729.99 and its 200-day moving average is GBX 2,716.94.

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.