Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 2,949

Shares of Shell plc (LON:SHEL) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Six equities 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 objective among analysts that have covered the stock in the last year is GBX 2,949.

A number of analysts have recently issued reports on the stock. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Shell in a research report on Friday, May 22nd. UBS Group reissued a “neutral” rating and issued a GBX 3,850 price target on shares of Shell in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Shell in a research report on Thursday, May 21st. Finally, Barclays reissued a “buy” rating on shares of Shell in a research report on Thursday, May 7th.

Shell Stock Down 1.1%

Shares of LON:SHEL opened at GBX 3,231.33 on Thursday. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.87 and a current ratio of 1.27. The company has a market cap of £180.21 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Shell has a 52 week low of GBX 2,470 and a 52 week high of GBX 3,592. The firm has a 50 day simple moving average of GBX 3,310.24 and a 200 day simple moving average of GBX 3,020.10.

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.