Analysts Set Shell plc (LON:SHEL) Price Target at GBX 2,899

Shell plc (LON:SHEL) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,899.

SHEL has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research report on Friday, May 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 price target on shares of Shell in a report on Thursday, July 9th. BNP Paribas Exane cut Shell from an “outperform” rating to a “neutral” rating in a research note on Friday, April 17th. Jefferies Financial Group restated a “buy” rating and set a $45.00 target price (up from $44.00) on shares of Shell in a research report on Thursday, May 21st. Finally, Barclays reissued a “buy” rating on shares of Shell in a report on Thursday, May 7th.

Shell Trading Down 0.7%

SHEL opened at GBX 3,320.19 on Friday. The firm has a market capitalization of £184.01 billion, a PE ratio of 10.34, a P/E/G ratio of 2.50 and a beta of 0.43. Shell has a fifty-two week low of GBX 2,553.77 and a fifty-two week high of GBX 3,758.50. The company’s 50-day moving average is GBX 3,116.20 and its 200 day moving average is GBX 3,105.78. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.86.

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.