Shell's (SHEL) Buy Rating Reaffirmed at Berenberg Bank

Shell (LON:SHEL - Get Free Report)'s stock had its "buy" rating restated by analysts at Berenberg Bank in a research note issued on Monday, MarketBeat Ratings reports. They presently have a GBX 3,000 ($40.78) price target on the stock. Berenberg Bank's price objective would suggest a potential upside of 15.21% from the stock's previous close.

Shell Trading Up 2.0%

SHEL traded up GBX 51 ($0.69) during trading on Monday, hitting GBX 2,604 ($35.40). 5,503,174 shares of the company's stock traded hands, compared to its average volume of 9,504,067. The company's 50 day simple moving average is GBX 2,529.23 and its two-hundred day simple moving average is GBX 2,566.95. Shell has a 12-month low of GBX 2,269.92 ($30.86) and a 12-month high of GBX 2,947.06 ($40.06). The stock has a market capitalization of £196.09 billion, a price-to-earnings ratio of 12.98, a PEG 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.