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

Berenberg Bank restated their buy rating on shares of Shell (LON:SHEL) in a research report released on Tuesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 3,400 ($43.55) target price on the stock.

A number of other research firms have also commented on SHEL. Barclays restated an overweight rating and set a GBX 3,800 ($48.67) price objective on shares of Shell in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 3,000 ($38.43) target price on shares of Shell in a report on Friday, May 3rd. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 3,500 ($44.83) target price on shares of Shell in a report on Wednesday, July 3rd. Finally, Bank of America reaffirmed a buy rating and issued a GBX 3,300 ($42.27) target price on shares of Shell in a report on Monday, April 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of GBX 3,278.33 ($41.99).

Shell Price Performance

Shell stock opened at GBX 2,812.50 ($36.03) on Tuesday. The stock’s fifty day moving average price is GBX 2,807.47 and its two-hundred day moving average price is GBX 2,666.18. Shell has a one year low of GBX 2,280.50 ($29.21) and a one year high of GBX 2,961 ($37.93). The company has a debt-to-equity ratio of 42.45, a current ratio of 1.42 and a quick ratio of 0.87. The firm has a market cap of £178.88 billion, a PE ratio of 1,308.14, a price-to-earnings-growth ratio of 2.80 and a beta of 0.55.

Shell Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 16th were given a $0.34 dividend. This represents a yield of 0.98%. The ex-dividend date was Thursday, May 16th. Shell’s payout ratio is 5,069.77%.

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.