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

Shares of Shell plc (LON:SHEL – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 2,899.

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a research report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shell in a research note on Friday, May 8th. BNP Paribas Exane lowered shares of Shell from an “outperform” rating to a “neutral” rating in a report on Friday, April 17th. UBS Group restated a “neutral” rating on shares of Shell in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a research report on Friday, July 3rd.

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Shell Stock Performance

LON SHEL opened at GBX 3,227 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. The stock’s fifty day moving average is GBX 3,103.26 and its two-hundred day moving average is GBX 3,086.93. The firm has a market capitalization of £178.85 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Shell has a fifty-two week low of GBX 2,553.77 and a fifty-two week high of GBX 3,758.50.

About Shell

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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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