Shell (LON:SHEL) Earns "Buy" Rating from Bank of America

Shell (LON:SHEL - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Bank of America in a report released on Monday, LSE.Co.UK reports. They currently have a GBX 3,300 ($40.76) price target on the stock. Bank of America's price target would indicate a potential upside of 13.52% from the company's current price.

Several other research analysts have also commented on the stock. Berenberg Bank decreased their price target on shares of Shell from GBX 3,000 ($37.06) to GBX 2,950 ($36.44) and set a "buy" rating for the company in a report on Friday, February 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 3,000 ($37.06) price objective on shares of Shell in a research report on Monday, April 8th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Shell in a research report on Tuesday, February 20th. Finally, Barclays reiterated an "overweight" rating and issued a GBX 3,800 ($46.94) price objective on shares of Shell in a research report on Monday, April 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 3,109.78 ($38.41).

Shell Stock Performance

Shares of LON SHEL traded up GBX 56 ($0.69) during midday trading on Monday, hitting GBX 2,907 ($35.91). The company's stock had a trading volume of 9,031,819 shares, compared to its average volume of 12,137,354. Shell has a 1-year low of GBX 2,214 ($27.35) and a 1-year high of GBX 2,952 ($36.46). The firm's fifty day moving average price is GBX 2,619.42 and its 200-day moving average price is GBX 2,583.26. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.87 and a current ratio of 1.40. The firm has a market cap of £186.63 billion, a P/E ratio of 1,286.28, a P/E/G ratio of 3.14 and a beta of 0.57.

Insiders Place Their Bets

In related news, insider Sinead Gorman purchased 18,276 shares of the company's stock in a transaction on Monday, February 26th. The shares were bought at an average cost of GBX 2,494 ($30.81) per share, for a total transaction of £455,803.44 ($562,998.32). In other Shell news, insider Charles Roxburgh acquired 3,000 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average price of GBX 2,552 ($31.52) per share, with a total value of £76,560 ($94,565.22). Also, insider Sinead Gorman acquired 18,276 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of GBX 2,494 ($30.81) per share, for a total transaction of £455,803.44 ($562,998.32). 0.13% of the stock is owned by insiders.

Shell Company Profile

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.