Shell (LON:SHEL) Price Target Cut to GBX 3,200 by Analysts at Royal Bank Of Canada

Shell (LON:SHEL) had its target price cut by analysts at Royal Bank Of Canada from GBX 3,600 to GBX 3,200 in a research report issued on Monday, Marketbeat.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 19.74% from the company’s current price.

SHEL has been the subject of a number of other research reports. UBS Group restated a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a research report on Friday. Jefferies Financial Group boosted their price objective on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. lifted their price target on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a report on Friday, December 5th. Berenberg Bank increased their price objective on shares of Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Citigroup raised their price objective on shares of Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and an average price target of GBX 3,066.67.

Shell Price Performance

Shares of LON:SHEL traded down GBX 28.27 during midday trading on Monday, hitting GBX 2,672.50. The company had a trading volume of 7,339,170 shares, compared to its average volume of 8,140,091. The company has a market cap of £152.01 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 12-month low of GBX 2,269.92 and a 12-month high of GBX 2,937.50. The company has a fifty day moving average of GBX 2,729.99 and a two-hundred day moving average of GBX 2,716.94.

About Shell

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.