Shell (LON:SHEL) Given Neutral Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated a "neutral" rating on Shell, while analyst coverage is split (four Buy, four Hold) leaving a consensus of "Moderate Buy" with an average price target of GBX 3,183.33.
• Shell shares opened at GBX 3,347.50 (above the average target), with a market cap of £187.64 billion and a PE ratio of 11.16, and a 12-month range of GBX 2,269.92–3,592.00.
• Insiders Wael Sawan and Sinead Gorman bought a combined 39,821 shares at GBX 3,011 each in February (≈£1.2 million total), though corporate insiders still own only about 0.04% of the stock.

Shell (LON:SHEL - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at Royal Bank Of Canada in a research report issued on Wednesday,MarketScreener reports.

SHEL has been the subject of several other reports. UBS Group reiterated a "neutral" rating and set a GBX 2,850 price objective on shares of Shell in a research report on Friday, January 23rd. Morgan Stanley downgraded Shell to an "equal weight" rating in a research report on Wednesday, March 25th. Barclays reiterated a "buy" rating on shares of Shell in a research report on Tuesday, March 31st. Berenberg Bank reiterated a "buy" rating on shares of Shell in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Shell from GBX 3,600 to GBX 3,900 and gave the stock an "overweight" rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,183.33.

Shell Stock Performance

Shares of LON SHEL opened at GBX 3,347.50 on Wednesday. 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 simple moving average of GBX 3,145.38 and a 200-day simple moving average of GBX 2,886.22. The company has a market cap of £187.64 billion, a PE ratio of 11.16, a P/E/G ratio of 2.50 and a beta of 0.51. Shell has a 12-month low of GBX 2,269.92 and a 12-month high of GBX 3,592.

Insider Buying and Selling at Shell

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

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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