Investment Analysts’ Weekly Ratings Changes for Shell (SHEL)

Shell (NYSE: SHEL) recently received a number of ratings updates from brokerages and research firms:

• 5/25/2026 – Shell was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/21/2026 – Shell had its price target raised by Jefferies Financial Group Inc. to $122.40. They now have a “buy” rating on the stock.
• 5/18/2026 – Shell was upgraded by Weiss Ratings from “hold (c+)” to “buy (b)”.
• 5/18/2026 – Shell was upgraded by HSBC Holdings plc from “hold” to “buy”.
• 5/9/2026 – Shell was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/5/2026 – Shell had its “hold” rating reaffirmed by Erste Group Bank AG.
• 5/4/2026 – Shell was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 4/22/2026 – Shell had its price target raised by Scotiabank from $91.00 to $122.00. They now have a “sector outperform” rating on the stock.
• 4/17/2026 – Shell was given a new $101.00 price target by BNP Paribas Exane. They now have a “neutral” rating on the stock.
• 4/17/2026 – Shell was downgraded by BNP Paribas Exane from “strong-buy” to “neutral”. They now have a $101.00 price target on the stock.
• 4/13/2026 – Shell was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/10/2026 – Shell had its price target lowered by TD Cowen from $112.00 to $110.00. They now have a “buy” rating on the stock.
• 4/9/2026 – Shell was downgraded by Rothschild & Co Redburn from “strong-buy” to “hold”.
• 4/9/2026 – Shell had its price target raised by Wells Fargo & Company from $77.00 to $94.00. They now have an “equal weight” rating on the stock.

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.