Shell plc (LON:SHEL) Stock Has Consensus Price Target of GBX 3,775

Shell plc (LON:SHEL) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 3,775.

Several research analysts recently weighed in on SHEL shares. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research report on Thursday, September 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a report on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of Shell in a research note on Friday, September 25th. JPMorgan Chase & Co. reduced their target price on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a report on Friday, July 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 4,500 target price on shares of Shell in a research report on Tuesday, August 25th.

Insider Buying and Selling

In other Shell news, insider Sinead Gorman sold 30,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total value of £1,010,700. Corporate insiders own 0.05% of the company’s stock.

Shell Stock Performance

SHEL opened at GBX 3,597 on Wednesday. The firm’s fifty day simple moving average is GBX 3,439.53 and its two-hundred day simple moving average is GBX 3,302.47. Shell has a 52-week low of GBX 2,553.77 and a 52-week high of GBX 3,758.50. The company has a market cap of £205.80 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 2.50 and a beta of 0.43. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 40.42.

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.