UBS Group Upgrades Shell (NYSE:SHEL) to Buy

Shell (NYSE:SHELGet Free Report) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports.

A number of other research firms have also weighed in on SHEL. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a research note on Tuesday. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus price target of $79.83.

View Our Latest Research Report on SHEL

Shell Trading Down 2.3 %

Shares of NYSE SHEL traded down $1.50 during trading hours on Wednesday, reaching $64.43. The stock had a trading volume of 2,992,801 shares, compared to its average volume of 4,184,991. The business’s fifty day moving average price is $64.50 and its two-hundred day moving average price is $68.15. The firm has a market cap of $198.27 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 4.84 and a beta of 0.55. Shell has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Shell

Large investors have recently bought and sold shares of the business. Fairscale Capital LLC acquired a new position in shares of Shell during the 2nd quarter worth about $33,000. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the third quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Shell during the third quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Company Profile

(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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