Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,066.67

Shell plc (LON:SHELGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 3,066.67.

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

Check Out Our Latest Analysis on SHEL

Shell Stock Up 1.4%

Shares of Shell stock opened at GBX 3,414 on Friday. Shell has a 52-week low of GBX 2,269.92 and a 52-week high of GBX 3,424.50. The company has a debt-to-equity ratio of 59.97, a quick ratio of 0.87 and a current ratio of 1.30. The business’s 50 day simple moving average is GBX 2,892.28 and its 200 day simple moving average is GBX 2,793.15. The firm has a market cap of £192.31 billion, a PE ratio of 11.38, a P/E/G ratio of 2.50 and a beta of 0.51.

Shell News Roundup

Here are the key news stories impacting Shell this week:

Insider Buying and Selling

In other news, insider Wael Sawan acquired 23,980 shares of the stock in a transaction dated Thursday, February 26th. The shares were bought at an average cost of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of the stock in a transaction on Thursday, February 26th. The shares were acquired at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. 0.04% of the stock is owned by company insiders.

Shell Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Shell (LON:SHEL)

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