Shell’s (SHEL) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Shell (LON:SHEL) in a report released on Friday, Marketbeat.com reports. They currently have a GBX 3,000 ($37.69) price objective on the stock.

A number of other equities research analysts have also commented on the company. Barclays reiterated an overweight rating and issued a GBX 3,800 ($47.74) price target on shares of Shell in a research report on Friday. JPMorgan Chase & Co. reiterated an overweight rating on shares of Shell in a research report on Tuesday, February 20th. Bank of America reiterated a buy rating and issued a GBX 3,300 ($41.46) price target on shares of Shell in a research report on Monday, April 22nd. Finally, Berenberg Bank reduced their price target on Shell from GBX 3,000 ($37.69) to GBX 2,950 ($37.06) and set a buy rating on the stock in a research report on Friday, February 16th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell presently has an average rating of Buy and an average price target of GBX 3,109.78 ($39.07).

Shell Trading Down 0.5 %

Shares of SHEL stock opened at GBX 2,858.50 ($35.91) on Friday. The firm has a market capitalization of £183.52 billion, a P/E ratio of 1,264.82, a P/E/G ratio of 3.14 and a beta of 0.57. Shell has a twelve month low of GBX 2,214 ($27.81) and a twelve month high of GBX 2,952 ($37.09). The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 43.34. The stock’s fifty day simple moving average is GBX 2,696.39 and its 200 day simple moving average is GBX 2,595.77.

Shell Announces Dividend

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

Insider Activity at Shell

In related news, insider Charles Roxburgh purchased 3,000 shares of the firm’s stock in a transaction 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 ($96,180.90). In other news, insider Sinead Gorman bought 18,276 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of GBX 2,494 ($31.33) per share, with a total value of £455,803.44 ($572,617.39). Also, insider Charles Roxburgh bought 3,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of GBX 2,552 ($32.06) per share, for a total transaction of £76,560 ($96,180.90). 0.13% of the stock is owned by corporate 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.