Shell (LON:SHEL) Earns Buy Rating from Bank of America

Bank of America reiterated their buy rating on shares of Shell (LON:SHEL) in a research note issued to investors on Monday morning, Marketbeat reports. They currently have a GBX 3,300 ($40.76) price target on the stock.

Other analysts have also recently issued research reports about the stock. Berenberg Bank dropped their target price on shares of Shell from GBX 3,000 ($37.06) to GBX 2,950 ($36.44) and set a buy rating for the company in a research report on Friday, February 16th. Royal Bank of Canada restated an outperform rating and issued a GBX 3,000 ($37.06) price objective on shares of Shell in a research report on Monday, April 8th. JPMorgan Chase & Co. restated an overweight rating on shares of Shell in a research report on Tuesday, February 20th. Finally, Barclays restated an overweight rating and issued a GBX 3,800 ($46.94) price objective on shares of Shell in a research report on Monday, April 8th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Shell presently has a consensus rating of Buy and an average target price of GBX 3,109.78 ($38.41).

Shell Stock Performance

Shares of Shell stock opened at GBX 2,907 ($35.91) on Monday. The firm has a fifty day moving average of GBX 2,635.74 and a two-hundred day moving average of GBX 2,587.69. The stock has a market capitalization of £186.63 billion, a price-to-earnings ratio of 1,286.28, a PEG ratio of 3.14 and a beta of 0.57. Shell has a 52 week low of GBX 2,214 ($27.35) and a 52 week high of GBX 2,952 ($36.46). The company has a debt-to-equity ratio of 43.34, a quick ratio of 0.87 and a current ratio of 1.40.

Shell Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 25th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.34 per share. This represents a dividend yield of 1.11%. This is an increase from Shell’s previous dividend of $0.33. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is currently 4,778.76%.

Insider Transactions at Shell

In other Shell news, insider Charles Roxburgh acquired 3,000 shares of Shell stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of GBX 2,552 ($31.52) per share, for a total transaction of £76,560 ($94,565.22). In other Shell news, insider Charles Roxburgh acquired 3,000 shares of Shell stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of GBX 2,552 ($31.52) per share, for a total transaction of £76,560 ($94,565.22). Also, insider Sinead Gorman acquired 18,276 shares of Shell stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of GBX 2,494 ($30.81) per share, with a total value of £455,803.44 ($562,998.32). Company insiders own 0.13% of the company’s stock.

Shell Company Profile

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.