Shell plc (LON:SHEL) Given Consensus Rating of “Moderate Buy” by Analysts

Shell plc (LON:SHEL) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 3,133.33.

Several brokerages have recently commented on SHEL. UBS Group restated a “neutral” rating and issued a GBX 2,850 price objective on shares of Shell in a research report on Friday. JPMorgan Chase & Co. boosted their target price 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. Jefferies Financial Group upped their target price on Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 3,600 price objective on shares of Shell in a research report on Friday, January 9th. Finally, Citigroup upped their target price on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research report on Monday, November 3rd.

Shell Trading Up 1.1%

LON SHEL opened at GBX 2,702.50 on Friday. Shell has a 12 month low of GBX 2,269.92 and a 12 month high of GBX 2,937.50. The stock has a market cap of £153.71 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 2.50 and a beta of 0.51. The company’s 50 day moving average is GBX 2,733.14 and its two-hundred day moving average is GBX 2,714.50.

About Shell

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.