Shell’s (SHEL) “Overweight” Rating Reiterated at Barclays

Barclays reissued their overweight rating on shares of Shell (LON:SHEL) in a report published on Friday, MarketBeat Ratings reports. The brokerage currently has a GBX 3,800 ($47.73) price target on the stock.

Several other brokerages also recently issued reports on SHEL. Royal Bank of Canada reissued an outperform rating and set a GBX 3,000 ($37.68) target price on shares of Shell in a research note on Monday, April 8th. JPMorgan Chase & Co. restated an overweight rating on shares of Shell in a research note on Tuesday, February 20th. Berenberg Bank cut their price objective on Shell from GBX 3,000 ($37.68) to GBX 2,950 ($37.06) and set a buy rating on the stock in a research note on Friday, February 16th. Finally, Bank of America restated a buy rating and set a GBX 3,300 ($41.45) price target on shares of Shell in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of GBX 3,109.78 ($39.06).

Shell Stock Performance

Shares of LON SHEL opened at GBX 2,858.50 ($35.91) on Friday. The stock’s fifty day simple moving average is GBX 2,688.63 and its 200 day simple moving average is GBX 2,595.02. The stock has a market capitalization of £183.52 billion, a price-to-earnings ratio of 1,264.82, a PEG ratio of 3.14 and a beta of 0.57. Shell has a 52-week low of GBX 2,214 ($27.81) and a 52-week high of GBX 2,952 ($37.08). The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 43.34.

Shell Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 0.98%. Shell’s dividend payout ratio (DPR) is currently 4,778.76%.

Insider Transactions at Shell

In other news, insider Sinead Gorman bought 18,276 shares of Shell stock in a transaction dated Monday, February 26th. The shares were bought at an average price of GBX 2,494 ($31.33) per share, for a total transaction of £455,803.44 ($572,545.46). In other Shell news, insider Charles Roxburgh purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of GBX 2,552 ($32.06) per share, with a total value of £76,560 ($96,168.82). Also, insider Sinead Gorman acquired 18,276 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,545.46). 0.13% of the stock is currently owned by insiders.

About Shell

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.