Shell (LON:SHEL) Rating Lowered to “Neutral” at Rothschild & Co Redburn

by · The Markets Daily

Shell (LON:SHELGet Free Report) was downgraded by analysts at Rothschild & Co Redburn to a “neutral” rating in a research report issued on Thursday,MarketScreener reports.

Other equities research analysts have also issued reports about the company. Barclays restated a “buy” rating on shares of Shell in a research report on Tuesday, March 31st. 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. Morgan Stanley lowered shares of Shell to an “equal weight” rating in a research note on Wednesday, March 25th. Jefferies Financial Group restated a “buy” rating on shares of Shell in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Shell from GBX 3,600 to GBX 3,900 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Shell has a consensus rating of “Hold” and a consensus target price of GBX 3,183.33.

Get Our Latest Analysis on SHEL

Shell Stock Performance

Shell stock opened at GBX 3,442.50 on Thursday. Shell has a fifty-two week low of GBX 2,289.69 and a fifty-two week high of GBX 3,592. The stock’s 50 day simple moving average is GBX 3,158.75 and its two-hundred day simple moving average is GBX 2,889.82. The company has a debt-to-equity ratio of 59.97, a quick ratio of 0.87 and a current ratio of 1.30. The stock has a market cap of £192.96 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 2.50 and a beta of 0.51.

Insiders Place Their Bets

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

Shell News Summary

Here are the key news stories impacting Shell this week:

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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