Shell (LON:SHEL) Stock Price Expected to Rise, Citigroup Analyst Says

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.How to Invest in Energy 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 ShellShell Price PerformanceShell 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.Featured ArticlesFive stocks we like better than Shell3 Healthcare Dividend Stocks to BuyNewmont's Financial Strength Sets a High Bar for Gold MinersThe Risks of Owning BondsGolden Cross Alert: 3 Stocks With Serious Upside PotentialShould You Add These Warren Buffett Stocks to Your Portfolio?Big Beat, Bigger Plans: AEP Stock Powers Up on Data Center BoomThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Shell Right Now?Before you consider Shell, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.While Shell currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here