Analysts Set Shell plc (LON:SHEL) Price Target at GBX 3,086

Shell plc (LON:SHEL - Get Free Report) has earned a consensus recommendation of "Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,086 ($39.06).

SHEL has been the subject of several research analyst reports. Barclays reiterated an "overweight" rating and issued a GBX 3,800 ($48.10) price objective on shares of Shell in a research report on Monday, April 8th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Shell in a research report on Tuesday, February 20th. Berenberg Bank decreased their price objective on Shell from GBX 3,000 ($37.97) to GBX 2,950 ($37.34) and set a "buy" rating for the company in a research report on Friday, February 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 3,000 ($37.97) price objective on shares of Shell in a research report on Monday, April 8th.

Insider Transactions at Shell

In related news, insider Charles Roxburgh acquired 3,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were bought at an average price of GBX 2,552 ($32.30) per share, for a total transaction of £76,560 ($96,899.13). In related news, insider Charles Roxburgh acquired 3,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were bought at an average price of GBX 2,552 ($32.30) per share, for a total transaction of £76,560 ($96,899.13). Also, insider Sinead Gorman acquired 18,276 shares of the company's stock in a transaction dated Monday, February 26th. The shares were bought at an average price of GBX 2,494 ($31.57) per share, for a total transaction of £455,803.44 ($576,893.36). Company insiders own 0.13% of the company's stock.

Shell Stock Up 2.8 %

Shares of SHEL traded up GBX 80 ($1.01) on Friday, hitting GBX 2,937 ($37.17). The company's stock had a trading volume of 7,925,380 shares, compared to its average volume of 12,294,197. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 43.34. The firm's fifty day moving average price is GBX 2,574.01 and its 200-day moving average price is GBX 2,571.81. Shell has a fifty-two week low of GBX 2,214 ($28.02) and a fifty-two week high of GBX 2,952 ($37.36). The firm has a market capitalization of £188.56 billion, a price-to-earnings ratio of 1,299.56, a P/E/G ratio of 3.14 and a beta of 0.57.

Shell Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 25th. Shareholders of record on Thursday, February 15th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, February 15th. This represents a yield of 1.11%. This is an increase from Shell's previous dividend of $0.33. Shell's dividend payout ratio is 4,778.76%.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.