Recent Investment Analysts’ Ratings Changes for Shell (SHEL)

A number of research firms have changed their ratings and price targets for Shell (LON: SHEL):

• 5/12/2026 – Shell had its price target lowered by Berenberg Bank from GBX 4,100 to GBX 4,000. They now have a “buy” rating on the stock.
• 5/8/2026 – Shell had its “buy” rating reaffirmed by JPMorgan Chase & Co..
• 5/8/2026 – Shell had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc..
• 5/8/2026 – Shell had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a GBX 44 price target on the stock.
• 5/7/2026 – Shell had its “buy” rating reaffirmed by Barclays PLC.
• 5/5/2026 – Shell had its “neutral” rating reaffirmed by UBS Group AG. They now have a GBX 3,850 price target on the stock.
• 4/28/2026 – Shell had its “buy” rating reaffirmed by Barclays PLC.
• 4/28/2026 – Shell had its “neutral” rating reaffirmed by UBS Group AG.
• 4/27/2026 – Shell had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 4/21/2026 – Shell had its “buy” rating reaffirmed by JPMorgan Chase & Co..
• 4/17/2026 – Shell was downgraded by BNP Paribas Exane from “outperform” to “neutral”.
• 4/9/2026 – Shell had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a GBX 4,400 price target on the stock.
• 4/9/2026 – Shell had its “neutral” rating reaffirmed by UBS Group AG.
• 4/9/2026 – Shell was downgraded by Rothschild & Co Redburn to “neutral”.
• 4/8/2026 – Shell had its “neutral” rating reaffirmed by Royal Bank Of Canada.
• 4/2/2026 – Shell had its price target raised by JPMorgan Chase & Co. from GBX 3,600 to GBX 3,900. They now have an “overweight” rating on the stock.
• 4/2/2026 – Shell had its “buy” rating reaffirmed by Berenberg Bank.
• 4/2/2026 – Shell had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 3/31/2026 – Shell had its “buy” rating reaffirmed by Barclays PLC.
• 3/25/2026 – Shell was downgraded by Morgan Stanley to “equal weight”.

Insider Buying and Selling

In other Shell news, insider Wael Sawan acquired 23,980 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average cost of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman acquired 15,841 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Company insiders own 0.04% of the company’s stock.

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.