Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,133.33

Shares of Shell plc (LON:SHELGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 3,066.67.

SHEL has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Shell from GBX 2,650 to GBX 2,700 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Royal Bank Of Canada dropped their target price on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday. Berenberg Bank upped their price target on Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group restated a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a research note on Friday, January 23rd. Finally, Jefferies Financial Group upped their target price on shares of Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, November 17th.

Check Out Our Latest Stock Analysis on SHEL

Shell Price Performance

Shares of LON SHEL opened at GBX 2,688.53 on Friday. Shell has a fifty-two week low of GBX 2,269.92 and a fifty-two week high of GBX 2,937.50. The stock has a market capitalization of £152.92 billion, a PE ratio of 10.97, a P/E/G ratio of 2.50 and a beta of 0.51. The business has a fifty day moving average price of GBX 2,723.70 and a two-hundred day moving average price of GBX 2,717.16.

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Shell Company Profile

(Get Free Report)

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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