In a report released today, Biraj Borkhataria from RBC Capital maintained a Buy rating on Shell (UK) (SHEL – Research Report), with a price target of £34.00. The company’s shares closed today at p2,584.50.
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Borkhataria covers the Energy sector, focusing on stocks such as BP p.l.c., Shell (UK), and Equinor ASA. According to TipRanks, Borkhataria has an average return of 2.6% and a 55.48% success rate on recommended stocks.
In addition to RBC Capital, Shell (UK) also received a Buy from J.P. Morgan’s Matthew Lofting in a report issued on June 17. However, on the same day, Bernstein downgraded Shell (UK) (LSE: SHEL) to a Hold.
Based on Shell (UK)’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p69.23 billion and a net profit of p4.78 billion. In comparison, last year the company earned a revenue of p72.48 billion and had a net profit of p7.36 billion
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHEL in relation to earlier this year.
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