Shell’s (SHEL) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Shell (LON:SHEL) in a report published on Wednesday, Marketbeat Ratings reports. They currently have a GBX 3,250 ($40.90) price target on the stock.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,200 ($40.27) price target on shares of Shell in a report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on Shell from GBX 3,200 ($40.27) to GBX 3,300 ($41.53) and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 3,325 ($41.84).

Shell Price Performance

LON SHEL traded down GBX 2 ($0.03) during mid-day trading on Wednesday, reaching GBX 2,684 ($33.77). 4,923,628 shares of the stock were exchanged, compared to its average volume of 9,522,975. The stock has a 50 day simple moving average of GBX 2,587.59 and a 200-day simple moving average of GBX 2,593.43. Shell has a one year low of GBX 2,374.50 ($29.88) and a one year high of GBX 2,961 ($37.26). The stock has a market cap of £202.11 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.50 and a beta of 0.51.

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.