Shell (LON:SHEL) Earns Outperform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada has restated its "outperform" rating for Shell (LON:SHEL), with a target price of GBX 3,400 ($44.91), indicating a potential upside of 25.44% from its previous close.
• Berenberg Bank has also issued a "buy" rating for Shell, with a price target of GBX 3,000 ($39.63), as part of a wider consensus rating of "Moderate Buy" among analysts.
• Currently, Shell's shares are trading at GBX 2,710.50 ($35.81), significantly below both the target prices suggested by analysts.

Shell (LON:SHEL - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a GBX 3,400 ($44.91) target price on the stock. Royal Bank Of Canada's price target points to a potential upside of 25.44% from the company's previous close.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 3,000 ($39.63) price target on shares of Shell in a report on Monday, July 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Shell currently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,158.33 ($41.72).

Shell Trading Down 0.0%

Shares of SHEL stock opened at GBX 2,710.50 ($35.81) on Friday. Shell has a 1 year low of GBX 2,269.92 ($29.99) and a 1 year high of GBX 2,947.06 ($38.93). The firm's fifty day simple moving average is GBX 2,584.12 and its 200 day simple moving average is GBX 2,580.60. The firm has a market capitalization of £204.11 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

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.

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