Shell plc (LON:SHEL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Shell plc (LON:SHEL) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 2,949.

A number of equities analysts have commented on SHEL shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Shell in a research report on Friday, May 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $45.00 price objective (up from $44.00) on shares of Shell in a research report on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a report on Friday, May 8th. BNP Paribas Exane downgraded Shell from an “outperform” rating to a “neutral” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a report on Wednesday, April 8th.

Shell Trading Up 0.1%

SHEL stock opened at GBX 3,123.50 on Thursday. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.87. The company has a fifty day moving average price of GBX 3,335.88 and a two-hundred day moving average price of GBX 3,009.50. Shell has a one year low of GBX 2,438 and a one year high of GBX 3,592. The stock has a market cap of £174.19 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

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.