Shell plc (LON:SHEL) Receives GBX 2,899 Consensus Price Target from Analysts

Shares of Shell plc (LON:SHEL) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,899.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “neutral” rating on shares of Shell in a report on Wednesday, April 8th. Morgan Stanley lowered shares of Shell to an “equal weight” rating in a research note on Wednesday, March 25th. Barclays restated a “buy” rating on shares of Shell in a report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $45.00 price objective (up from $44.00) on shares of Shell in a research note on Thursday, May 21st. Finally, HSBC upgraded shares of Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th.

Shell Stock Performance

Shares of Shell stock opened at GBX 3,232.12 on Friday. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.86 and a current ratio of 1.27. Shell has a 52 week low of GBX 2,553.77 and a 52 week high of GBX 3,758.50. The stock has a 50 day moving average price of GBX 3,105.84 and a two-hundred day moving average price of GBX 3,090.63. The stock has a market capitalization of £179.13 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

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.