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

Shell plc (LON:SHEL) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 3,066.67.

A number of research analysts have recently weighed in on the company. UBS Group restated a “neutral” rating and issued a GBX 2,850 target price on shares of Shell in a report on Friday, January 23rd. Jefferies Financial Group raised their price objective on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. lifted their price objective on shares of Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a report on Friday, December 5th. 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 research note on Monday, November 3rd. Finally, Royal Bank Of Canada dropped their price target on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a research report on Monday, January 26th.

Shell Stock Performance

Shares of LON SHEL opened at GBX 2,937.42 on Tuesday. The stock has a market cap of £166.15 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.50 and a beta of 0.51. Shell has a fifty-two week low of GBX 2,269.92 and a fifty-two week high of GBX 2,962.50. The firm’s 50-day simple moving average is GBX 2,750.76 and its 200 day simple moving average is GBX 2,739.64.

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.