Shell (LON:SHEL) Price Target Raised to GBX 2,700 at Citigroup

Shell (LON:SHEL) had its price target boosted by equities research analysts at Citigroup from GBX 2,650 to GBX 2,700 in a report issued on Monday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential downside of 4.69% from the company’s current price.

SHEL has been the topic of several other reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Shell in a research note on Friday. Berenberg Bank increased their price target on shares of Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,600 price objective on shares of Shell in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 3,210.

Shell Stock Performance

Shares of Shell stock traded down GBX 14.75 during trading on Monday, reaching GBX 2,832.75. The company’s stock had a trading volume of 12,391,716 shares, compared to its average volume of 8,431,618. Shell has a one year low of GBX 2,269.92 and a one year high of GBX 2,903. The firm has a market cap of £163.65 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The business’s fifty day moving average price is GBX 2,710.44 and its 200-day moving average price is GBX 2,617.80.

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.