Shell (LON:SHEL) Receives Sector perform Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Shell (LON:SHEL) in a research report released on Monday morning,Digital Look reports. The brokerage currently has a GBX 4,000 price objective on the stock.

Several other brokerages also recently issued reports on SHEL. The Goldman Sachs Group restated a “buy” rating on shares of Shell in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Rothschild & Co Redburn lowered Shell to a “neutral” rating in a report on Thursday, April 9th. Jefferies Financial Group restated a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Shell in a report on Thursday, May 21st. Finally, UBS Group restated a “neutral” rating on shares of Shell in a research note on Tuesday, June 16th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus price target of GBX 3,032.33.

Shell Price Performance

LON:SHEL opened at GBX 3,255.50 on Monday. The business has a 50 day simple moving average of GBX 3,119.15 and a 200-day simple moving average of GBX 3,113.51. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,758.50. The firm has a market capitalization of £180.43 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.50 and a beta of 0.43. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.86.

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.