Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,183.33

Shares of Shell plc (LON:SHELGet Free Report) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 3,383.33.

A number of analysts have recently issued reports on SHEL shares. Berenberg Bank restated a “buy” rating on shares of Shell in a report on Thursday, April 2nd. Rothschild & Co Redburn lowered Shell to a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Shell from GBX 3,600 to GBX 3,900 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 4,400 price objective on shares of Shell in a research report on Thursday. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a research report on Wednesday.

Check Out Our Latest Stock Analysis on Shell

Insider Buying and Selling at Shell

In other Shell news, insider Sinead Gorman bought 15,841 shares of the stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of GBX 3,011 per share, with a total value of £476,972.51. Also, insider Wael Sawan bought 23,980 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 £722,037.80. Corporate insiders own 0.04% of the company’s stock.

Shell Price Performance

SHEL opened at GBX 3,420.50 on Wednesday. The stock has a fifty day moving average of GBX 3,184.30 and a 200-day moving average of GBX 2,899.30. The firm has a market capitalization of £191.73 billion, a P/E ratio of 11.40, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 12-month low of GBX 2,289.69 and a 12-month high of GBX 3,592. The company has a quick ratio of 0.87, a current ratio of 1.30 and a debt-to-equity ratio of 59.97.

More Shell News

Here are the key news stories impacting Shell this week:

About Shell

(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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