Brokerages Set Shell PLC Unsponsored ADR (NYSE:SHEL) Target Price at $92.90

Shares of Shell PLC Unsponsored ADR (NYSE:SHEL) have been assigned a consensus rating of “Hold” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $92.90.

A number of brokerages recently commented on SHEL. Rothschild & Co Redburn lowered Shell from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. TD Cowen lowered their price target on shares of Shell from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Zacks Research raised shares of Shell from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Piper Sandler lifted their target price on shares of Shell from $89.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Finally, BNP Paribas Exane set a $101.00 price target on shares of Shell and gave the stock a “neutral” rating in a research report on Friday.

Shell Stock Up 0.9%

NYSE SHEL opened at $88.76 on Friday. Shell has a twelve month low of $64.02 and a twelve month high of $94.90. The stock has a market cap of $251.35 billion, a PE ratio of 14.79, a PEG ratio of 0.52 and a beta of 0.10. The firm has a 50-day simple moving average of $87.32 and a 200 day simple moving average of $78.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.30.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, February 6th. The energy company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.07). Shell had a net margin of 6.52% and a return on equity of 10.34%. The firm had revenue of $64.09 billion during the quarter, compared to analyst estimates of $65.82 billion. On average, research analysts forecast that Shell will post 9.09 EPS for the current year.

Hedge Funds Weigh In On Shell

Several hedge funds and other institutional investors have recently modified their holdings of SHEL. Kohmann Bosshard Financial Services LLC bought a new stake in Shell in the fourth quarter valued at $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Shell during the third quarter valued at $31,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Shell in the 3rd quarter worth about $34,000. Zions Bancorporation National Association UT increased its position in shares of Shell by 186.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after purchasing an additional 308 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new position in Shell during the 4th quarter valued at about $36,000. Institutional investors own 28.60% of the company’s stock.

Shell Company Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.