Shell’s (SHEL) Buy Rating Reiterated at Barclays

Barclays reissued their buy rating on shares of Shell (LON:SHELFree Report) in a report issued on Tuesday morning,MarketScreener reports.

Several other equities analysts have also commented on the company. Royal Bank Of Canada decreased their price target on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a research note on Monday, January 26th. JPMorgan Chase & Co. upped their price target on Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, UBS Group restated a “neutral” rating and set a GBX 2,850 price target on shares of Shell in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,183.33.

Read Our Latest Stock Analysis on SHEL

Shell Trading Up 2.9%

Shares of Shell stock opened at GBX 3,543.50 on Tuesday. The stock has a 50 day moving average of GBX 3,093.51 and a 200 day moving average of GBX 2,863.15. The company has a debt-to-equity ratio of 59.97, a quick ratio of 0.87 and a current ratio of 1.30. The firm has a market capitalization of £199.61 billion, a price-to-earnings ratio of 11.81, 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 3,592.

Insider Activity at Shell

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

Shell News Summary

Here are the key news stories impacting Shell this week:

Shell Company Profile

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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.

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Analyst Recommendations for Shell (LON:SHEL)

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