Shell plc (LON:SHEL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Shell plc (LON:SHEL) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 3,066.67.

SHEL has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada lowered their price target on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a report on Monday, January 26th. UBS Group reaffirmed a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a report on Friday, December 5th.

Insider Activity at Shell

In related news, insider Wael Sawan purchased 23,980 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were bought at an average price of GBX 3,011 per share, with a total value of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were bought at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Corporate insiders own 0.04% of the company’s stock.

Shell Price Performance

Shares of LON:SHEL opened at GBX 3,361 on Friday. The company has a market cap of £189.33 billion, a P/E ratio of 11.20, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a quick ratio of 0.87, a current ratio of 1.30 and a debt-to-equity ratio of 59.97. Shell has a 52 week low of GBX 2,269.92 and a 52 week high of GBX 3,378. The business has a fifty day simple moving average of GBX 2,878.76 and a 200-day simple moving average of GBX 2,787.19.

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.