Royal Bank of Canada Reiterates “GBX 3,000” Price Target for Shell (LON:SHEL)

Royal Bank of Canada set a GBX 3,000 ($36.75) target price on Shell (LON:SHELGet Rating) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a GBX 2,850 ($34.91) target price on shares of Shell in a report on Monday, June 13th. Credit Suisse Group set a GBX 3,000 ($36.75) price target on shares of Shell in a research report on Thursday, June 9th. UBS Group set a GBX 2,450 ($30.01) target price on shares of Shell in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 2,551 ($31.25) price target on shares of Shell in a research note on Friday, May 6th. Finally, Jefferies Financial Group set a GBX 2,600 ($31.85) price target on shares of Shell in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of GBX 2,716.55 ($33.27).

Shares of SHEL opened at GBX 2,029 ($24.85) on Tuesday. Shell has a 1-year low of GBX 1,833.40 ($22.46) and a 1-year high of GBX 2,459.24 ($30.12). The company has a market cap of £150.86 billion and a price-to-earnings ratio of 8.78. The company’s 50-day moving average is GBX 2,269.34. The company has a debt-to-equity ratio of 47.93, a current ratio of 1.34 and a quick ratio of 0.90.

The business also recently declared a dividend, which will be paid on Monday, June 27th. Investors of record on Thursday, May 19th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 0.9%. This is a boost from Shell’s previous dividend of $0.24. Shell’s dividend payout ratio (DPR) is currently 0.39%.

About Shell (Get Rating)

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.

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