Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,066.67

Shell plc (LON:SHEL) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 3,066.67.

Several research firms recently commented on SHEL. Royal Bank Of Canada cut 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 report on Monday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, UBS Group restated a “neutral” rating and set a GBX 2,850 target price on shares of Shell in a report on Friday, January 23rd.

Insider Activity

In related news, insider Wael Sawan bought 23,980 shares of the stock in a transaction dated Thursday, February 26th. The stock was acquired at an average price of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman bought 15,841 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average price 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 Stock Performance

LON SHEL opened at GBX 3,461 on Friday. The company has a debt-to-equity ratio of 59.97, a current ratio of 1.30 and a quick ratio of 0.87. Shell has a 1-year low of GBX 2,269.92 and a 1-year high of GBX 3,486. The firm has a market capitalization of £194.96 billion, a P/E ratio of 11.54, a P/E/G ratio of 2.50 and a beta of 0.51. The business’s 50-day simple moving average is GBX 2,922.97 and its 200-day simple moving average is GBX 2,803.02.

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.