UBS Group Reaffirms Neutral Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “neutral” rating reissued by stock analysts at UBS Group in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 2,850 target price on the stock. UBS Group’s price objective would indicate a potential upside of 5.53% from the stock’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their target price on Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a report on Friday, December 5th. Citigroup increased their target price on Shell from GBX 2,650 to GBX 2,700 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Jefferies Financial Group upped their price objective on Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,600 target price on shares of Shell in a research report on Friday, January 9th. Finally, Berenberg Bank lifted their price target on Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 3,133.33.

Shell Price Performance

Shell stock opened at GBX 2,700.77 on Friday. Shell has a one year low of GBX 2,269.92 and a one year high of GBX 2,937.50. The company has a market capitalization of £153.62 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The business has a 50 day simple moving average of GBX 2,729.99 and a 200 day simple moving average of GBX 2,716.31.

About Shell

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.