Shell (LON:SHEL – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Bank of America in a research note issued on Monday, MarketBeat reports. They currently have a GBX 3,300 ($40.76) target price on the stock. Bank of America‘s price objective would suggest a potential upside of 13.99% from the stock’s current price.
SHEL has been the topic of a number of other reports. Barclays reissued an “overweight” rating and issued a GBX 3,800 ($46.94) price objective on shares of Shell in a research note on Monday, April 8th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research report on Tuesday, February 20th. Berenberg Bank cut their target price on Shell from GBX 3,000 ($37.06) to GBX 2,950 ($36.44) and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 3,000 ($37.06) target price on shares of Shell in a research note on Monday, April 8th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Shell currently has a consensus rating of “Buy” and an average price target of GBX 3,109.78 ($38.41).
Check Out Our Latest Analysis on Shell
Shell Stock Performance
Insiders Place Their Bets
In other news, insider Charles Roxburgh purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of GBX 2,552 ($31.52) per share, for a total transaction of £76,560 ($94,565.22). In related news, insider Charles Roxburgh purchased 3,000 shares of Shell stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost of GBX 2,552 ($31.52) per share, for a total transaction of £76,560 ($94,565.22). Also, insider Sinead Gorman acquired 18,276 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of GBX 2,494 ($30.81) per share, for a total transaction of £455,803.44 ($562,998.32). Corporate insiders own 0.13% of the company’s stock.
Shell Company Profile
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.
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