Shell plc (LON:SHEL) Given Average Rating of “Moderate Buy” by Brokerages

Shell plc (LON:SHEL) has earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 3,775.

A number of analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,500 target price on shares of Shell in a research note on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and set a GBX 4,000 price target on shares of Shell in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a report on Friday, July 3rd. UBS Group restated a “neutral” rating on shares of Shell in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 4,000 target price on shares of Shell in a research note on Monday, July 27th.

Shell Price Performance

Shell stock opened at GBX 3,346.50 on Tuesday. The company has a debt-to-equity ratio of 40.42, a quick ratio of 0.86 and a current ratio of 1.43. The firm has a market cap of £185.13 billion, a P/E ratio of 7.40, a P/E/G ratio of 2.50 and a beta of 0.43. The business’s fifty day moving average is GBX 3,142.97 and its two-hundred day moving average is GBX 3,157.42. Shell has a 52 week low of GBX 2,553.77 and a 52 week high of GBX 3,758.50.

Insider Transactions at Shell

In related news, insider Sinead Gorman sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total value of £1,010,700. 0.05% of the stock is currently owned by corporate insiders.

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.