Shell (LON:SHEL) Upgraded by HSBC to “Buy” Rating

Shell (LON:SHEL) was upgraded by HSBC to a “buy” rating in a research report issued on Monday,MarketScreener reports.

Several other analysts also recently commented on the company. Rothschild & Co Redburn downgraded Shell to a “neutral” rating in a research note on Thursday, April 9th. The Goldman Sachs Group restated a “buy” rating on shares of Shell in a report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and set a GBX 3,850 price target on shares of Shell in a research report on Tuesday, May 5th. Barclays reiterated a “buy” rating on shares of Shell in a report on Thursday, May 7th. Finally, BNP Paribas Exane lowered Shell from an “outperform” rating to a “neutral” rating in a research report on Friday, April 17th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Shell has an average rating of “Moderate Buy” and a consensus price target of GBX 2,949.

Shell Trading Up 1.2%

Shares of LON SHEL traded up GBX 38 during midday trading on Monday, reaching GBX 3,232.50. 639,987,938 shares of the stock were exchanged, compared to its average volume of 18,728,795. Shell has a 12 month low of GBX 2,403.50 and a 12 month high of GBX 3,592. The company has a market capitalization of £180.27 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 2.50 and a beta of 0.43. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.87. The business has a 50-day simple moving average of GBX 3,340.58 and a two-hundred day simple moving average of GBX 2,988.99.

Insider Transactions at Shell

In other news, insider Wael Sawan bought 23,980 shares of the business’s stock in a transaction on 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. Also, insider Sinead Gorman purchased 15,841 shares of Shell stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of GBX 3,011 per share, with a total value of £476,972.51. 0.04% of the stock is currently owned by company insiders.

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.