Shell plc (LON:SHEL) Receives GBX 2,949 Average Target Price from Brokerages

Shares of Shell plc (LON:SHEL) have earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,949.

A number of equities research analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a report on Thursday, May 21st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Shell in a report on Wednesday, June 10th. BNP Paribas Exane cut Shell from an “outperform” rating to a “neutral” rating in a report on Friday, April 17th. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a report on Friday, May 8th.

Shell Price Performance

LON:SHEL opened at GBX 2,898 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 43.58. The business’s 50-day simple moving average is GBX 3,178.09 and its two-hundred day simple moving average is GBX 3,053.57. The stock has a market cap of £160.99 billion, a PE ratio of 9.03, a P/E/G ratio of 2.50 and a beta of 0.43. Shell has a 52 week low of GBX 2,541.71 and a 52 week high of GBX 3,758.50.

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.