Barclays Reaffirms Buy Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “buy” rating restated by Barclays in a research note issued on Tuesday,MarketScreener reports.

Several other research analysts have also issued reports on the stock. UBS Group reiterated a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus price target of GBX 3,066.67.

Shell Price Performance

SHEL opened at GBX 3,487.75 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 59.97. The company has a market cap of £196.47 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The stock has a fifty day simple moving average of GBX 3,076.91 and a two-hundred day simple moving average of GBX 2,858.40. Shell has a 12-month low of GBX 2,269.92 and a 12-month high of GBX 3,592.

Insider Buying and Selling at Shell

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

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.