Shell (LON:SHEL) Receives Neutral Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated a “neutral” rating on Shell, while the broader analyst consensus remains “Moderate Buy,” with six Buy and six Hold ratings and an average price target of GBX 3,775.
• Shell shares opened at GBX 3,617, compared with a 12-month range of GBX 2,553.77 to GBX 3,758.50; the company has a market capitalization of approximately £206.95 billion.
• Insider Sinead Gorman sold 30,000 Shell shares for about £1.01 million at an average price of GBX 3,369; insiders collectively own 0.05% of the company.

Shell (LON:SHEL - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Thursday.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 4,500 price target on shares of Shell in a report on Tuesday, August 25th. UBS Group restated a "neutral" rating on shares of Shell in a research note on Tuesday, June 16th. JPMorgan Chase & Co. cut their target price on Shell from GBX 3,900 to GBX 3,600 and set an "overweight" rating on the stock in a research report on Friday, July 3rd. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 4,000 price target on shares of Shell in a research note on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,775.

Shell Price Performance

Shares of LON:SHEL opened at GBX 3,617 on Thursday. The firm has a market capitalization of £206.95 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. 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 business's 50 day simple moving average is GBX 3,390.09 and its 200-day simple moving average is GBX 3,285.58. Shell has a 12 month low of GBX 2,553.77 and a 12 month high of GBX 3,758.50.

Insider Buying and Selling at Shell

In other news, insider Sinead Gorman sold 30,000 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 3,369, for a total value of £1,010,700. Company insiders own 0.05% of the company's stock.

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.

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