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

Key Points

• Berenberg Bank reiterated a "Buy" rating on Shell, while analyst coverage is split (four Buy, four Hold) giving a consensus of "Moderate Buy" with an average target price of GBX 3,066.67.
• Shell shares opened at GBX 3,548 (up about 3%), trading near a 1‑year high of GBX 3,592, with a market cap of £199.86 billion and a P/E ratio of 11.83.
• Insider buying: Sinead Gorman and Wael Sawan purchased 15,841 and 23,980 shares respectively at GBX 3,011 on Feb 26, a combined spend of roughly £1.2 million; insiders hold 0.04% of the stock.

Shell (LON:SHEL - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a report issued on Thursday,MarketScreener reports.

A number of other brokerages have also commented on SHEL. Royal Bank Of Canada cut their price objective on shares of Shell from GBX 3,600 to GBX 3,200 and set a "sector perform" rating for the company in a research report on Monday, January 26th. Morgan Stanley lowered Shell to an "equal weight" rating in a research note on Wednesday, March 25th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Shell in a research note on Thursday. Barclays reaffirmed a "buy" rating on shares of Shell in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Shell from GBX 3,100 to GBX 3,200 and gave the company an "overweight" rating in a report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Shell has a consensus rating of "Moderate Buy" and an average target price of GBX 3,066.67.

Shell Stock Up 3.0%

SHEL opened at GBX 3,548 on Thursday. The business has a 50 day moving average of GBX 3,076.91 and a 200-day moving average of GBX 2,858.40. The stock has a market capitalization of £199.86 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 59.97. Shell has a 1-year low of GBX 2,269.92 and a 1-year high of GBX 3,592.

Insider Activity

In other news, insider Sinead Gorman purchased 15,841 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was bought 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 firm's stock in a transaction on Thursday, February 26th. The shares were acquired at an average price of GBX 3,011 per share, with a total value of £722,037.80. 0.04% of the stock is owned by company insiders.

Shell Company Profile

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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