Shell (LON:SHEL) Earns Overweight Rating from Barclays

Barclays reiterated their overweight rating on shares of Shell (LON:SHEL) in a report published on Friday morning, MarketBeat.com reports. They currently have a GBX 3,800 ($47.74) price objective on the stock.

SHEL has been the topic of several other reports. Bank of America reaffirmed a buy rating and set a GBX 3,300 ($41.46) target price on shares of Shell in a research note on Monday, April 22nd. Berenberg Bank cut their target price on shares of Shell from GBX 3,000 ($37.69) to GBX 2,950 ($37.06) and set a buy rating on the stock in a research note on Friday, February 16th. JPMorgan Chase & Co. reissued an overweight rating on shares of Shell in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reissued an outperform rating and issued a GBX 3,000 ($37.69) price objective on shares of Shell in a research report on Monday, April 8th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell presently has an average rating of Buy and a consensus price target of GBX 3,109.78 ($39.07).

Shell Price Performance

Shares of SHEL opened at GBX 2,858.50 ($35.91) on Friday. Shell has a fifty-two week low of GBX 2,214 ($27.81) and a fifty-two week high of GBX 2,952 ($37.09). The firm’s 50 day moving average price is GBX 2,696.39 and its 200 day moving average price is GBX 2,595.77. The company has a market cap of £183.52 billion, a P/E ratio of 1,264.82, a PEG ratio of 3.14 and a beta of 0.57. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 43.34.

Shell Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 16th will be issued a $0.34 dividend. This represents a dividend yield of 0.98%. The ex-dividend date is Thursday, May 16th. Shell’s payout ratio is 4,778.76%.

Insider Activity

In related news, insider Sinead Gorman bought 18,276 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of GBX 2,494 ($31.33) per share, for a total transaction of £455,803.44 ($572,617.39). In related news, insider Sinead Gorman bought 18,276 shares of the stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of GBX 2,494 ($31.33) per share, for a total transaction of £455,803.44 ($572,617.39). Also, insider Charles Roxburgh bought 3,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of GBX 2,552 ($32.06) per share, with a total value of £76,560 ($96,180.90). Company insiders own 0.13% of the company’s stock.

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.