Shell plc (LON:SHEL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shell plc (LON:SHEL) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 3,066.67.

A number of research firms have recently commented on SHEL. Jefferies Financial Group lifted their target price on Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, November 17th. UBS Group restated a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a report on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research note on Friday, December 5th. Berenberg Bank raised their price target on shares of Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday.

Shell Trading Down 0.4%

Shares of SHEL opened at GBX 2,785.50 on Friday. The stock has a 50 day moving average of GBX 2,721.99 and a 200 day moving average of GBX 2,717.82. The company has a market capitalization of £158.43 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 12 month low of GBX 2,269.92 and a 12 month high of GBX 2,937.50.

Shell Company Profile

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.