Barclays Reiterates “Overweight” Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a research note issued on Friday, MarketBeat.com reports. They presently have a GBX 3,800 ($47.73) target price on the stock. Barclays‘s price target would indicate a potential upside of 32.94% from the company’s current price.

A number of other brokerages also recently issued reports on SHEL. Bank of America reiterated a “buy” rating and set a GBX 3,300 ($41.45) price objective on shares of Shell in a research note on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,000 ($37.68) price objective on shares of Shell in a research note on Monday, April 8th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research note on Tuesday, February 20th. Finally, Berenberg Bank decreased their price target on Shell from GBX 3,000 ($37.68) to GBX 2,950 ($37.06) and set a “buy” rating on the stock in a research note on Friday, February 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus price target of GBX 3,109.78 ($39.06).

Shell Stock Performance

SHEL opened at GBX 2,858.50 ($35.91) on Friday. The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.87 and a current ratio of 1.40. Shell has a 52-week low of GBX 2,214 ($27.81) and a 52-week high of GBX 2,952 ($37.08). The firm has a market cap of £183.52 billion, a P/E ratio of 1,264.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57. The business’s fifty day moving average is GBX 2,688.63 and its 200-day moving average is GBX 2,596.26.

Insider Activity

In other news, insider Sinead Gorman bought 18,276 shares of the company’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of GBX 2,494 ($31.33) per share, for a total transaction of £455,803.44 ($572,545.46). In other Shell news, insider Charles Roxburgh purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of GBX 2,552 ($32.06) per share, for a total transaction of £76,560 ($96,168.82). Also, insider Sinead Gorman acquired 18,276 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,545.46). 0.13% of the stock is owned by corporate insiders.

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.