Shell (LON:SHEL) Price Target Raised to GBX 2,670 at HSBC

Shell (LON:SHEL – Get Free Report) had its price objective hoisted by equities researchers at HSBC from GBX 2,570 ($32.84) to GBX 2,670 ($34.12) in a research note issued to investors on Wednesday, FlyOnTheWall reports. HSBC’s price objective would suggest a potential upside of 10.67% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Shell from GBX 2,907 ($37.15) to GBX 3,268 ($41.76) and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,000 ($38.34) target price on shares of Shell in a research note on Wednesday, May 17th. UBS Group raised their target price on shares of Shell from GBX 2,750 ($35.14) to GBX 2,800 ($35.78) in a research note on Monday, June 19th. JPMorgan Chase & Co. reduced their target price on shares of Shell from GBX 2,950 ($37.70) to GBX 2,750 ($35.14) in a research note on Wednesday, July 19th. Finally, Royal Bank of Canada reduced their target price on shares of Shell from GBX 2,800 ($35.78) to GBX 2,700 ($34.50) in a research note on Friday, July 28th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 2,958.45 ($37.81).

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Shell Price Performance

LON SHEL opened at GBX 2,412.50 ($30.83) on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 43.54. The company has a fifty day simple moving average of GBX 2,332.41 and a 200 day simple moving average of GBX 2,386.80. The company has a market cap of £161.88 billion, a P/E ratio of 505.77, a P/E/G ratio of 0.28 and a beta of 0.67. Shell has a 1 year low of GBX 2,140.50 ($27.35) and a 1 year high of GBX 2,613.50 ($33.40).

Shell Company Profile

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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 necessary to deliver gas to market.

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