Analysts Set Shell plc (LON:SHEL) Target Price at GBX 2,899

Shell plc (LON:SHEL) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,899.

A number of equities research analysts have commented on SHEL shares. UBS Group restated a “neutral” rating on shares of Shell in a research report on Tuesday, June 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,000 target price on shares of Shell in a report on Thursday, July 9th. BNP Paribas Exane lowered shares of Shell from an “outperform” rating to a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley cut shares of Shell to an “equal weight” rating in a report on Wednesday, March 25th. Finally, HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th.

Shell Stock Performance

Shares of SHEL stock opened at GBX 3,254 on Friday. The company has a market capitalization of £180.34 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 2.50 and a beta of 0.43. Shell has a 1-year low of GBX 2,553.77 and a 1-year high of GBX 3,758.50. The company has a current ratio of 1.27, a quick ratio of 0.86 and a debt-to-equity ratio of 43.58. The stock’s fifty day simple moving average is GBX 3,109.47 and its 200-day simple moving average is GBX 3,097.65.

Shell Company Profile

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.