Shell plc (LON:SHEL) Receives Average Recommendation of “Buy” from Brokerages

Shares of Shell plc (LON:SHELGet Rating) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,645.22 ($32.61).

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on Shell from GBX 2,750 ($33.90) to GBX 3,000 ($36.99) and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and set a GBX 2,860 ($35.26) target price (up from GBX 2,570 ($31.69)) on shares of Shell in a research note on Wednesday. UBS Group set a GBX 2,450 ($30.21) target price on Shell in a research note on Wednesday, April 27th. Deutsche Bank Rese… set a GBX 2,551 ($31.45) target price on Shell in a research note on Wednesday, March 23rd. Finally, Jefferies Financial Group set a GBX 2,600 ($32.06) price objective on Shell in a research report on Wednesday, April 6th.

SHEL opened at GBX 2,303.50 ($28.40) on Friday. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 50.81. Shell has a 52-week low of GBX 1,833.40 ($22.60) and a 52-week high of GBX 2,337.72 ($28.82). The stock has a market capitalization of £173.50 billion and a PE ratio of 11.06. The company’s 50 day simple moving average is GBX 2,118.86.

The firm also recently declared a dividend, which will be paid on Monday, June 27th. Investors of record on Thursday, May 19th will be paid a $0.25 dividend. This represents a dividend yield of 0.9%. This is a positive change from Shell’s previous dividend of $0.24. The ex-dividend date is Thursday, May 19th. Shell’s dividend payout ratio (DPR) is presently 0.39%.

About Shell (Get Rating)

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

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Analyst Recommendations for Shell (LON:SHEL)

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