Shell plc (LON:SHEL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shell plc (LON:SHEL) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,775.

SHEL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research report on Friday, May 8th. UBS Group reissued a “neutral” rating on shares of Shell in a research report on Tuesday, June 16th. HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their price objective on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research report on Friday, July 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 target price on shares of Shell in a report on Monday, August 3rd.

Shell Stock Performance

SHEL opened at GBX 3,437 on Friday. 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 company has a market cap of £190.14 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The stock has a 50-day moving average of GBX 3,247.39 and a 200-day moving average of GBX 3,233.61. Shell has a 52-week low of GBX 2,553.77 and a 52-week high of GBX 3,758.50.

Insider Buying and Selling

In other news, insider Sinead Gorman sold 30,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were 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 insiders.

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.