Shell plc (LON:SHEL) Receives GBX 3,066.67 Average Price Target from Analysts

Shares of Shell plc (LON:SHEL) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 3,066.67.

A number of analysts recently issued reports on SHEL shares. Berenberg Bank increased their price target on shares of Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a report on Monday, November 3rd. Jefferies Financial Group raised their target price on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, November 17th. Citigroup lifted their price target on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research note on Monday, November 3rd. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a report on Friday, January 23rd. Finally, Royal Bank Of Canada dropped their price objective on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday, January 26th.

Shell Price Performance

Shares of SHEL stock opened at GBX 2,941.12 on Tuesday. The stock’s fifty day moving average price is GBX 2,745.74 and its 200 day moving average price is GBX 2,737.53. Shell has a 1-year low of GBX 2,269.92 and a 1-year high of GBX 2,958.50. The company has a market cap of £166.36 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth 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.