Shell (LON:SHEL) Stock Price Expected to Rise, Citigroup Analyst Says
Citigroup has raised its price target for Shell (LON:SHEL) from GBX 2,450 ($32.36) to GBX 2,650 ($35.01) while maintaining a "neutral" rating. This suggests a potential downside of 2.23% from the previous close. Other firms have also given positive ratings, with an average consensus target price of GBX 3,158.33 ($41.72). Shell's stock opened at GBX 2,710.50 ($35.81) and has a market cap of £204.11 billion.
Shell (LON:SHEL - Get Free Report) had its target price raised by equities research analysts at Citigroup from GBX 2,450 ($32.36) to GBX 2,650 ($35.01) in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target would suggest a potential downside of 2.23% from the company's previous close.
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Several other research firms have also weighed in on SHEL. Berenberg Bank reissued a "buy" rating and set a GBX 3,000 ($39.63) price objective on shares of Shell in a research note on Monday, July 7th. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 3,400 ($44.91) price objective on shares of Shell in a research note on Friday. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Shell in a research note on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 3,158.33 ($41.72).
Get Our Latest Stock Report on Shell
Shell Price Performance
Shell stock opened at GBX 2,710.50 ($35.81) on Friday. The company's 50 day simple moving average is GBX 2,584.12 and its 200 day simple moving average is GBX 2,580.60. Shell has a fifty-two week low of GBX 2,269.92 ($29.99) and a fifty-two week high of GBX 2,947.06 ($38.93). The firm has a market capitalization of £204.11 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 2.50 and a beta of 0.51.
About Shell
(Get Free Report)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.
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