Shell (NYSE:SHEL) Price Target Raised to $91.00 at Scotiabank

Key Points

• Scotiabank has raised the target price for Shell's stock (NYSE:SHEL) from $80.00 to $91.00, indicating a potential upside of 22.60%.
• Shell's stock recently traded at $74.22, with an average rating of "Moderate Buy" and a consensus target price of $79.71 from various analysts.
• Shell reported $1.42 earnings per share for the last quarter, exceeding the consensus estimate of $1.13 while revenues were slightly below expectations.

Shell (NYSE:SHEL - Get Free Report) had its target price lifted by Scotiabank from $80.00 to $91.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "sector outperform" rating on the energy company's stock. Scotiabank's target price would suggest a potential upside of 22.60% from the stock's previous close.

A number of other brokerages have also weighed in on SHEL. Melius assumed coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. BNP Paribas upgraded shares of Shell to a "strong-buy" rating in a research note on Tuesday, September 23rd. HSBC reiterated a "hold" rating and set a $78.30 target price (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Melius Research assumed coverage on shares of Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Finally, Santander lowered Shell to a "neutral" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Shell presently has an average rating of "Moderate Buy" and a consensus target price of $79.71.

Shell Stock Up 0.1%

SHEL stock traded up $0.10 during midday trading on Thursday, hitting $74.22. The company's stock had a trading volume of 1,093,324 shares, compared to its average volume of 4,539,268. The company has a market cap of $216.94 billion, a PE ratio of 16.73, a P/E/G ratio of 1.95 and a beta of 0.39. Shell has a 12 month low of $58.54 and a 12 month high of $75.08. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $72.44 and its 200-day moving average is $69.74.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to analysts' expectations of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, equities research analysts forecast that Shell will post 7.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Shell by 44.0% during the 1st quarter. Farther Finance Advisors LLC now owns 9,719 shares of the energy company's stock valued at $710,000 after purchasing an additional 2,970 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Shell by 40.5% during the 1st quarter. GAMMA Investing LLC now owns 5,769 shares of the energy company's stock valued at $423,000 after purchasing an additional 1,662 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of Shell by 90.5% during the 1st quarter. Simplicity Wealth LLC now owns 9,745 shares of the energy company's stock valued at $714,000 after purchasing an additional 4,630 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its holdings in shares of Shell by 300.2% during the 1st quarter. Integrated Advisors Network LLC now owns 41,251 shares of the energy company's stock valued at $3,023,000 after purchasing an additional 30,943 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

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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