Shell (LON:SHEL) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Shell (LON:SHEL) in a report published on Tuesday, Marketbeat reports. The firm currently has a GBX 3,400 ($43.55) price target on the stock.

SHEL has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 3,500 ($44.83) price objective on shares of Shell in a research report on Wednesday, July 3rd. Barclays reaffirmed an overweight rating and issued a GBX 3,800 ($48.67) price objective on shares of Shell in a report on Friday, May 3rd. Royal Bank of Canada reiterated an outperform rating and issued a GBX 3,000 ($38.43) price target on shares of Shell in a research report on Friday, May 3rd. Finally, Bank of America reissued a buy rating and set a GBX 3,300 ($42.27) price objective on shares of Shell in a research report on Monday, April 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of GBX 3,278.33 ($41.99).

Shell Stock Performance

Shares of SHEL stock opened at GBX 2,815 ($36.06) on Tuesday. The company has a debt-to-equity ratio of 42.45, a quick ratio of 0.87 and a current ratio of 1.42. The company has a market capitalization of £179.03 billion, a price-to-earnings ratio of 1,309.30, a price-to-earnings-growth ratio of 2.80 and a beta of 0.55. Shell has a one year low of GBX 2,280.50 ($29.21) and a one year high of GBX 2,961 ($37.93). The company’s 50-day moving average is GBX 2,808.39 and its 200 day moving average is GBX 2,664.48.

Shell Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 16th were given a dividend of $0.34 per share. This represents a dividend yield of 0.98%. The ex-dividend date was Thursday, May 16th. Shell’s dividend payout ratio is currently 5,069.77%.

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.