Royal Bank Of Canada Lowers Shell (LON:SHEL) Price Target to GBX 3,200

Shell (LON:SHELGet Free Report) had its price target decreased by research analysts at Royal Bank Of Canada from GBX 3,600 to GBX 3,200 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 19.02% from the company’s current price.

Several other analysts have also recently weighed in on SHEL. Jefferies Financial Group lifted their price objective on shares of Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. raised their price target on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research note on Friday, December 5th. Citigroup raised their price objective on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a report on Monday, November 3rd. UBS Group reiterated a “neutral” rating and issued a GBX 2,850 price objective on shares of Shell in a report on Friday, January 23rd. Finally, Berenberg Bank lifted their target price on Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 3,066.67.

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Shell Stock Up 0.6%

LON:SHEL opened at GBX 2,688.53 on Monday. Shell has a 12-month low of GBX 2,269.92 and a 12-month high of GBX 2,937.50. The firm has a market capitalization of £152.92 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 2.50 and a beta of 0.51. The stock’s 50 day moving average price is GBX 2,723.70 and its two-hundred day moving average price is GBX 2,717.16.

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Shell Company Profile

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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.

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