Shell plc (LON:SHEL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shell plc (LON:SHEL) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 3,066.67.

SHEL has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating and set a GBX 2,850 price target on shares of Shell in a research note on Friday, January 23rd. Jefferies Financial Group increased their price objective on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada lowered their target price on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a research note on Monday, January 26th. Citigroup upped their price target on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their price target on Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a report on Friday, December 5th.

Shell Stock Up 0.5%

Shares of LON:SHEL opened at GBX 2,879 on Tuesday. The firm has a market cap of £162.85 billion, a P/E ratio of 11.75, a P/E/G 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 2,942. The company’s 50-day moving average price is GBX 2,735.09 and its two-hundred day moving average price is GBX 2,734.

About Shell

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.