Shell (SHEL) Stock Forecast & Price Target

GBX 3,373.50 -23.50 (-0.69%)

As of 05:48 AM Eastern

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Shell - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
6

Buy
6

Based on 12 Wall Street analysts who have issued ratings for Shell in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 6 have given a hold rating, and 6 have given a buy rating for SHEL.

Consensus Price Target

GBX 3,775

According to the 12 analysts' twelve-month price targets for Shell, the average price target is GBX 3,775. The highest price target for SHEL is GBX 4,500, while the lowest price target for SHEL is GBX 2,700. The average price target represents a forecasted upside of 11.90% from the current price of GBX 3,373.50.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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SHEL Analyst Ratings Over Time

Type	Current Forecast 8/25/25 to 8/25/26	1 Month Ago 7/26/25 to 7/26/26	3 Months Ago 5/27/25 to 5/27/26	1 Year Ago 8/25/24 to 8/25/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 3,775	GBX 2,899	GBX 2,949	GBX 3,158.33
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

SHEL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SHEL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Shell Stock vs. The Competition

Type	Shell	Energy Companies
Consensus Rating Score	2.50	2.42
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Positive News See Recent SHEL News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
8/25/2026	Jefferies Financial Group 3 of 5 stars	Reiterated Rating	Buy	GBX 4,500	+32.47%
8/3/2026	Berenberg Bank 2 of 5 stars	Reiterated Rating	Buy	GBX 4,000	+19.09%
7/27/2026	Royal Bank Of Canada 3 of 5 stars	Reiterated Rating	Sector perform	GBX 4,000	+22.87%
7/3/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target	Overweight	GBX 3,900 ➝ GBX 3,600	+24.16%
6/16/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Reiterated Rating	Neutral
5/18/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Upgrade	Hold ➝ Buy
5/8/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Reiterated Rating	Buy
5/7/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Reiterated Rating	Buy
4/17/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Downgrade	Outperform ➝ Neutral
4/9/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Downgrade	Neutral
Get the Latest News and Ratings for SHEL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Shell and its competitors with MarketBeat's FREE daily newsletter.
3/25/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Downgrade	Equal Weight
11/3/2025	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Neutral	GBX 2,650 ➝ GBX 2,700	-4.69%
9/4/2024	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Reiterated Rating	Buy	GBX 3,400	+31.10%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:07 AM ET.

Should I Buy Shell Stock? SHEL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, August 19, 2026. Please send any questions or comments about these Shell pros and cons to contact@marketbeat.com.

Shell
Bull Case

Here are some ways that investors could benefit from investing in Shell plc:

Shell plc recently reported exceptional quarterly earnings, with profits more than doubling compared to the previous year, driven by elevated crude oil and natural gas prices. This strong performance indicates robust operational capabilities.
The current stock price is around GBX 3,121, which is near its fifty-two week high, suggesting positive market sentiment and potential for further appreciation.
A new share-repurchase program totaling $3 billion has been launched, which can enhance earnings per share by reducing the number of shares outstanding, signaling management's confidence in the company's financial health.
The board has maintained a solid dividend of $0.3906 per ordinary share, reinforcing Shell's appeal for income-focused investors and demonstrating a commitment to returning capital to shareholders.
Analyst support remains strong, with a prominent firm reaffirming a "buy" rating and setting a price target significantly above the current stock price, indicating confidence in Shell's future performance.

Shell
Bear Case

Investors should be bearish about investing in Shell plc for these reasons:

Recent allegations from an Amnesty International report suggest Shell may be implicated in environmental issues related to oil spills in Nigeria, which could lead to increased legal and reputational risks.
Shell is reportedly considering selling its stake in a significant U.S. pipeline project, which could simplify its portfolio but also reduce future cash flow from infrastructure investments.
The company has a relatively high debt-to-equity ratio, indicating a significant amount of debt compared to equity, which could pose risks in times of financial stress.
While the recent earnings report is strong, some analysts caution that the benefits may be temporary if geopolitical risks ease, potentially impacting future profitability.
Shell's quick ratio is below 1, suggesting that the company may face challenges in meeting short-term liabilities without selling inventory or obtaining additional financing.

SHEL Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Shell is GBX 3,775, with a high forecast of GBX 4,500 and a low forecast of GBX 2,700.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHEL shares.

According to analysts, Shell's stock has a predicted upside of 11.90% based on their 12-month stock forecasts.

Shell has been rated by research analysts at Berenberg Bank, Jefferies Financial Group, JPMorgan Chase & Co., Royal Bank Of Canada, and UBS Group in the past 90 days.

Analysts like Shell more than other "energy" companies. The consensus rating for Shell is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how SHEL compares to other companies.

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MarketBeat monitors more than a dozen sources for Shell analyst ratings, with the most recent rating issued on 8/25/2026.

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Shell (SHEL) Stock Forecast & Price Target

Shell - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SHEL Analyst Ratings Over Time

SHEL Analyst Recommendations By Month

SHEL Price Targets by Month

Shell Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Shell Stock? SHEL Pros and Cons Explained

Shell
Bull Case

Shell
Bear Case

SHEL Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Shell Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Shell (SHEL) Stock Forecast & Price Target

Shell - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SHEL Analyst Ratings Over Time

SHEL Analyst Recommendations By Month

SHEL Price Targets by Month

Shell Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Shell Stock? SHEL Pros and Cons Explained

Shell Bull Case

Shell Bear Case

SHEL Forecast - Frequently Asked Questions

What is Shell's forecast for 2026?

Should I buy or sell Shell stock right now?

Does Shell's stock price have much upside?

What analysts cover Shell?

Do Wall Street analysts like Shell more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Shell Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Shell
Bull Case

Shell
Bear Case