Brokerages Set Shell plc (LON:SHEL) Price Target at GBX 3,133.33

Shares of Shell plc (LON:SHEL) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 3,133.33.

Several analysts have recently weighed in on SHEL shares. UBS Group reissued a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,600 target price on shares of Shell in a research note on Friday, January 9th. Berenberg Bank upped their price target on Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Citigroup boosted their price objective on shares of Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a report on Monday, November 3rd.

Shell Stock Up 1.0%

SHEL stock opened at GBX 2,700.77 on Friday. The company’s 50-day simple moving average is GBX 2,729.99 and its 200-day simple moving average is GBX 2,716.94. Shell has a 52-week low of GBX 2,269.92 and a 52-week high of GBX 2,937.50. The firm has a market cap of £153.62 billion, a P/E ratio of 11.02, a PEG ratio of 2.50 and a beta of 0.51.

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.