Berenberg Bank Reiterates Buy Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They currently have a GBX 3,250 ($41.18) price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.09% from the company’s current price.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Shell from GBX 3,200 ($40.55) to GBX 3,300 ($41.81) and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($40.55) price objective on shares of Shell in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 3,325 ($42.13).

Shell Stock Performance

Shares of SHEL opened at GBX 2,684 ($34.01) on Wednesday. Shell has a twelve month low of GBX 2,374.50 ($30.09) and a twelve month high of GBX 2,961 ($37.52). The firm’s 50 day moving average price is GBX 2,591.42 and its two-hundred day moving average price is GBX 2,592.45. The firm has a market cap of £202.11 billion, a P/E ratio of 13.37, a PEG ratio of 2.50 and a beta of 0.51.

About Shell

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.