Shell plc (LON:SHEL) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Shell plc has received a consensus recommendation of "Buy" from four research firms covering the stock, with an average 1-year target price of GBX 3,225 ($42.60).
• Recently, brokerages have given various price targets for Shell, with Royal Bank of Canada setting a target at GBX 3,400 ($44.91) while Citigroup increased their target from GBX 2,450 ($32.36) to GBX 2,650 ($35.01).
• The current share price of Shell is GBX 2,711.50 ($35.82), with a market capitalization of £204.18 billion and a price-to-earnings ratio of 13.51.

Shares of Shell plc (LON:SHEL - Get Free Report) have received a consensus rating of "Buy" from the four research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 3,225 ($42.60).

A number of brokerages recently issued reports on SHEL. Berenberg Bank reissued a "buy" rating and set a GBX 3,000 ($39.63) price target on shares of Shell in a research report on Monday, July 7th. Citigroup upped their target price on Shell from GBX 2,450 ($32.36) to GBX 2,650 ($35.01) and gave the stock a "neutral" rating in a research note on Friday. Royal Bank Of Canada restated an "outperform" rating and set a GBX 3,400 ($44.91) target price on shares of Shell in a research note on Friday. Finally, JPMorgan Chase & Co. restated an "overweight" rating on shares of Shell in a research note on Friday.

Shell Price Performance

Shares of Shell stock opened at GBX 2,711.50 ($35.82) on Friday. Shell has a one year low of GBX 2,269.92 ($29.99) and a one year high of GBX 2,947.06 ($38.93). The stock's 50-day moving average is GBX 2,584.12 and its 200-day moving average is GBX 2,580.60. The firm has a market cap of £204.18 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

Shell Company Profile

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.

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