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

Key Points

• Shell has received a "buy" rating from Berenberg Bank with a price target of GBX 3,000 ($39.84), suggesting an 11.59% potential upside from its current stock price.
• Several analysts have also given positive ratings, with JPMorgan maintaining an "overweight" rating and Royal Bank of Canada setting a price objective of GBX 3,400 ($45.15).
• Currently, Shell has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,158.33 ($41.94), according to MarketBeat data.

Shell (LON:SHEL - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research note issued on Friday, Marketbeat reports. They currently have a GBX 3,000 ($39.84) price target on the stock. Berenberg Bank's price target suggests a potential upside of 11.59% from the stock's current price.

Several other equities analysts have also weighed in on SHEL. JPMorgan Chase & Co. restated an "overweight" rating on shares of Shell in a report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 3,400 ($45.15) price objective on shares of Shell in a report on Friday. Finally, Citigroup boosted their price objective on shares of Shell from GBX 2,450 ($32.53) to GBX 2,650 ($35.19) and gave the stock a "neutral" rating in a report on Friday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Shell currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,158.33 ($41.94).

Shell Trading Down 0.7%

LON:SHEL opened at GBX 2,688.50 ($35.70) on Friday. The firm has a market capitalization of £202.45 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.50 and a beta of 0.51. The firm's fifty day simple moving average is GBX 2,595.28 and its 200 day simple moving average is GBX 2,580.47. Shell has a twelve month low of GBX 2,269.92 ($30.14) and a twelve month high of GBX 2,947.06 ($39.13).

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.

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