Shell plc (LON:SHEL) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Shell has a “Moderate Buy” consensus from 12 analysts, evenly split between six buy ratings and six holds. The average 12-month price target is GBX 3,775.
• Recent analyst views remain mixed: Jefferies set a GBX 4,500 target and maintained a buy rating, while JPMorgan cut its target to GBX 3,600 and UBS reiterated a neutral rating.
• Shell shares opened at GBX 3,437, with a market capitalization of approximately £190.14 billion and a P/E ratio of 7.60. Insider Sinead Gorman sold 30,000 shares for about £1.01 million.

Shell plc (LON:SHEL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 3,775.

Several analysts have recently commented on the company. 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 report on Friday, July 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of Shell in a research report on Friday, May 8th. UBS Group reiterated a "neutral" rating on shares of Shell in a report on Tuesday, June 16th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 4,500 price target on shares of Shell in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 4,000 target price on shares of Shell in a research report on Monday, July 27th.

Shell Price Performance

LON 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 stock has a market capitalization of £190.14 billion, a P/E ratio of 7.60, a P/E/G ratio of 2.50 and a beta of 0.43. The business's fifty day moving average is GBX 3,247.39 and its two-hundred day moving average is GBX 3,233.61. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,758.50.

Insider Buying and Selling at Shell

In other Shell news, insider Sinead Gorman sold 30,000 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total value of £1,010,700. Company insiders own 0.05% of the company's stock.

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.

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