Shell (LON:SHEL) Given “Buy” Rating at Berenberg Bank

Shell (LON:SHEL)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 4,000 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 31.17% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a research report on Thursday, May 21st. UBS Group reiterated a “neutral” rating on shares of Shell in a research note on Tuesday, June 16th. Barclays reaffirmed a “buy” rating on shares of Shell in a research report on Thursday, May 7th. Royal Bank Of Canada reiterated a “neutral” rating on shares of Shell in a research note on Wednesday, April 8th. Finally, Rothschild & Co Redburn cut shares of Shell to a “neutral” rating in a research note on Thursday, April 9th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and an average price target of GBX 2,899.

Shell Stock Down 0.5%

Shares of LON:SHEL opened at GBX 3,049.50 on Thursday. The company has a market cap of £169.01 billion, a PE ratio of 9.50, a P/E/G ratio of 2.50 and a beta of 0.43. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,758.50. The stock’s 50-day moving average is GBX 3,122.84 and its 200 day moving average is GBX 3,069.86. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.86.

Shell News Roundup

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Shell raised its Q2 outlook for integrated gas production and LNG liquefaction volumes, suggesting stronger upstream and LNG performance than previously expected. Shell raises guidance slightly for Q2 integrated gas production
• Positive Sentiment: The company said integrated gas trading and optimization should be significantly higher than in the first quarter, which could lift near-term earnings expectations. Shell flags ‘significantly higher’ gas trading to offset lower oil and gas production
• Positive Sentiment: Analysts are expecting upward revisions after Shell’s stronger-than-expected Q2 trading update, reinforcing the bullish reaction in the shares. Shell rises after stronger-than-expected Q2 trading update; analysts expect upward revisions
• Neutral Sentiment: Shell also reported becoming Vietnam’s leading LNG supplier, a positive strategic development, though the immediate stock impact is likely limited compared with the guidance update. Shell becomes Vietnam’s leading LNG supplier
• Negative Sentiment: Some reports noted Shell expects gas volumes to fall sharply amid Middle East conflict and a retreat from South Africa, which could offset part of the optimism around trading and LNG. Shell boosted by trading – but expects gas volumes to fall sharply amid Middle East conflict

Shell Company Profile

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.