Shell (NYSE:SHEL – Get Rating) had its price target raised by analysts at Morgan Stanley from GBX 2,440 ($32.12) to GBX 2,570 ($33.83) in a research note issued on Wednesday, The Fly reports.
A number of other brokerages have also issued reports on SHEL. Zacks Investment Research lowered shares of Shell from a “buy” rating to a “hold” rating in a research note on Wednesday, February 16th. Bank of America started coverage on shares of Shell in a research report on Friday, February 4th. They set a “buy” rating and a $66.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of Shell from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, March 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $1,066.20.
Shares of NYSE:SHEL traded up $1.67 on Wednesday, reaching $54.74. The company’s stock had a trading volume of 302,864 shares, compared to its average volume of 5,431,377. The stock’s 50-day moving average is $51.85 and its two-hundred day moving average is $46.94. Shell has a 52-week low of $48.27 and a 52-week high of $56.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.35 and a quick ratio of 1.08. The stock has a market capitalization of $209.38 billion, a P/E ratio of 10.68, a PEG ratio of 0.85 and a beta of 0.69.
Shell (NYSE:SHEL – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The energy company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. Shell had a net margin of 7.37% and a return on equity of 11.34%. The business had revenue of $90.22 billion for the quarter. Equities analysts forecast that Shell will post 7.92 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Shell stock. Kozak & Associates Inc. acquired a new stake in shares of Shell plc (NYSE:SHEL – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,001 shares of the energy company’s stock, valued at approximately $569,000. Hedge funds and other institutional investors own 11.31% 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 necessary to deliver gas to market.