Berenberg Bank Reaffirms “Buy” Rating for Shell (LON:SHEL)

Berenberg Bank reissued their buy rating on shares of Shell (LON:SHEL) in a research note released on Wednesday morning, Marketbeat reports. Berenberg Bank currently has a GBX 3,250 ($40.90) target price on the stock.

SHEL has been the topic of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($40.27) price target on shares of Shell in a report on Monday, December 16th. JPMorgan Chase & Co. upped their target price on shares of Shell from GBX 3,200 ($40.27) to GBX 3,300 ($41.53) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 3,325 ($41.84).

Shell Trading Down 0.1 %

Shares of LON SHEL traded down GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 2,684 ($33.77). 4,923,628 shares of the company’s stock were exchanged, compared to its average volume of 9,522,975. The business’s fifty day moving average price is GBX 2,587.59 and its two-hundred day moving average price is GBX 2,593.43. The company has a market cap of £202.11 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 12-month low of GBX 2,374.50 ($29.88) and a 12-month high of GBX 2,961 ($37.26).

About Shell

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.