Shell (LON:SHEL) Earns Neutral Rating from UBS Group

Key Points

• UBS Group reissued a neutral rating on Shell with a GBX 3,850 price target, implying roughly a 16.5% upside from current levels.
• Analyst coverage is mixed—four Buys versus six Holds—resulting in a consensus Hold and an average price target of GBX 3,550.
• Insiders Sinead Gorman and CEO Wael Sawan purchased 15,841 and 23,980 shares respectively at GBX 3,011 on Feb 26, signalling notable insider buying.

Shell (LON:SHEL - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at UBS Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 3,850 price target on the stock. UBS Group's price objective suggests a potential upside of 16.54% from the company's current price.

A number of other equities research analysts have also weighed in on SHEL. Barclays reissued a "buy" rating on shares of Shell in a research note on Tuesday, April 28th. Morgan Stanley lowered Shell to an "equal weight" rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reissued a "neutral" rating on shares of Shell in a research note on Wednesday, April 8th. BNP Paribas Exane lowered Shell from an "outperform" rating to a "neutral" rating in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. reissued a "buy" rating on shares of Shell in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 3,550.

Shell Trading Up 0.4%

LON SHEL opened at GBX 3,303.50 on Tuesday. Shell has a 1-year low of GBX 2,403.50 and a 1-year high of GBX 3,592. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 59.97. The stock has a 50-day moving average of GBX 3,314.71 and a 200-day moving average of GBX 2,962.09. The firm has a market cap of £185.17 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

Insider Buying and Selling

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

About Shell

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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