Berenberg Bank Cuts Shell (LON:SHEL) Price Target to GBX 4,000

Shell (LON:SHEL) had its price target reduced by investment analysts at Berenberg Bank from GBX 4,100 to GBX 4,000 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 25.85% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a report on Wednesday, April 8th. Morgan Stanley downgraded Shell to an “equal weight” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Shell in a research report on Friday. Barclays reissued a “buy” rating on shares of Shell in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research report on Friday. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 2,949.

Shell Stock Up 1.6%

SHEL opened at GBX 3,178.50 on Tuesday. Shell has a fifty-two week low of GBX 2,403.50 and a fifty-two week high of GBX 3,592. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.87 and a current ratio of 1.27. The company has a market capitalization of £177.26 billion, a P/E ratio of 10.60, a P/E/G ratio of 2.50 and a beta of 0.43. The stock has a fifty day moving average of GBX 3,335.16 and a 200-day moving average of GBX 2,979.35.

Insiders Place Their Bets

In related news, insider Wael Sawan purchased 23,980 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average price of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average price of GBX 3,011 per share, for a total transaction of £476,972.51. 0.04% of the stock is currently 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.