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

Key Points

• Shell plc has received an average recommendation of "Moderate Buy" from six rating firms, with one hold and five buy ratings.
• The average 1-year target price for Shell shares among analysts is GBX 3,158.33, with recent increases from firms like Citigroup and Royal Bank of Canada.
• As of Tuesday, Shell shares opened at GBX 2,717.84, with a market capitalization of £204.66 billion and a 1-year high of GBX 2,843.

Shell plc (LON:SHEL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 3,158.33.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Shell in a research note on Friday, August 1st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 3,000 target price on shares of Shell in a research note on Friday, August 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 3,400 target price on shares of Shell in a research note on Friday, August 1st. Finally, Citigroup increased their target price on shares of Shell from GBX 2,450 to GBX 2,650 and gave the stock a "neutral" rating in a research note on Friday, August 1st.

Shell Price Performance

Shares of SHEL stock opened at GBX 2,717.84 on Tuesday. The firm has a market cap of £204.66 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a 50-day moving average of GBX 2,645.13 and a two-hundred day moving average of GBX 2,581.46. Shell has a 1-year low of GBX 2,269.92 and a 1-year high of GBX 2,843.

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.

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