Shell (NYSE:SHEL) Given New $86.00 Price Target at Wells Fargo & Company

Shell (NYSE:SHEL) had its price target cut by equities researchers at Wells Fargo & Company from $87.00 to $86.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 32.27% from the company’s current price.

A number of other brokerages have also commented on SHEL. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday. Scotiabank cut their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Up 0.5 %

Shares of NYSE:SHEL opened at $65.02 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market capitalization of $200.08 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. The company has a fifty day moving average of $64.38 and a 200-day moving average of $68.05.

Institutional Investors Weigh In On Shell

Several institutional investors and hedge funds have recently made changes to their positions in SHEL. Fairscale Capital LLC acquired a new position in Shell in the second quarter valued at approximately $33,000. Fortitude Family Office LLC bought a new stake in shares of Shell in the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. bought a new position in Shell during the third quarter worth $33,000. Brooklyn Investment Group acquired a new stake in Shell in the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the period. Institutional investors own 28.60% 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.