Berenberg Bank Cuts Shell (LON:SHEL) Price Target to GBX 4,000

Shell (LON:SHEL) had its price target cut by stock analysts at Berenberg Bank from GBX 4,100 to GBX 4,000 in a report issued on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 25.85% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Rothschild & Co Redburn cut Shell to a “neutral” rating in a research report on Thursday, April 9th. UBS Group reiterated a “neutral” rating and issued a GBX 3,850 target price on shares of Shell in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 44 target price on shares of Shell in a research report on Friday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Shell in a research report on Friday. Finally, Morgan Stanley cut Shell to an “equal weight” rating in a research report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Shell presently has an average rating of “Hold” and a consensus price target of GBX 2,949.

Shell Stock Performance

Shell stock opened at GBX 3,178.50 on Tuesday. Shell has a 12-month low of GBX 2,403.50 and a 12-month high of GBX 3,592. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 43.58. The business’s 50-day moving average price is GBX 3,335.16 and its two-hundred day moving average price is GBX 2,979.35. The stock has a market cap of £177.26 billion, a PE ratio of 10.60, a P/E/G ratio of 2.50 and a beta of 0.43.

Insider Activity

In other news, insider Sinead Gorman purchased 15,841 shares of Shell stock in a transaction dated Thursday, February 26th. The shares were bought at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Also, insider Wael Sawan purchased 23,980 shares of Shell stock in a transaction dated Thursday, February 26th. The shares were purchased at an average price of GBX 3,011 per share, for a total transaction of £722,037.80. 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.