Shell plc (LON:SHEL) Stock Has Average Price Target of GBX 3,775

Shell plc (LON:SHEL) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 3,775.

SHEL has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research note on Friday, July 3rd. UBS Group reaffirmed a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Berenberg Bank reissued a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a research report on Thursday, September 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 4,500 price objective on shares of Shell in a research note on Tuesday, August 25th.

Shell Stock Up 0.2%

SHEL opened at GBX 3,597 on Wednesday. The business has a 50 day moving average price of GBX 3,439.53 and a 200 day moving average price of GBX 3,303.25. Shell has a twelve month low of GBX 2,553.77 and a twelve month high of GBX 3,758.50. The company has a debt-to-equity ratio of 40.42, a quick ratio of 0.86 and a current ratio of 1.43. The firm has a market cap of £205.80 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

Insiders Place Their Bets

In related news, insider Sinead Gorman sold 30,000 shares of Shell stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total transaction of £1,010,700. 0.05% of the stock is currently owned by company insiders.

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.