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Citi Remains a Buy on Shell (UK) (SHEL)

Citi Remains a Buy on Shell (UK) (SHEL)

Business Insider15 hours ago
In a report released today, Alastair Syme from Citi reiterated a Buy rating on Shell (UK). The company's shares closed yesterday at p2,553.00.
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According to TipRanks, Syme is a 4-star analyst with an average return of 15.5% and a 62.22% success rate. Syme covers the Energy sector, focusing on stocks such as ENI S.p.A., BP p.l.c., and Conocophillips.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shell (UK) with a p2,987.55 average price target, representing a 17.02% upside. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a £30.00 price target.
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
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