Shell (SHEL) Stock Forecast & Price Target

Q: What analysts cover Shell?

Shell has been rated by research analysts at Barclays , Berenberg Bank , BNP Paribas Exane , HSBC , Jefferies Financial Group , JPMorgan Chase & Co. , The Goldman Sachs Group , and UBS Group in the past 90 days.

GBX 3,108.21 +69.71 (+2.29%)

As of 12:37 PM 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 2,899

According to the 12 analysts' twelve-month price targets for Shell, the average price target is GBX 2,899. The highest price target for SHEL is GBX 4,000, while the lowest price target for SHEL is GBX 44. The average price target represents a forecasted downside of -6.73% from the current price of GBX 3,108.21.

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 7/13/25 to 7/13/26	1 Month Ago 6/13/25 to 6/13/26	3 Months Ago 4/14/25 to 4/14/26	1 Year Ago 7/13/24 to 7/13/25
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)	4 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 2,899	GBX 2,949	GBX 3,383.33	GBX 3,225
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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	2.38
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral 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
7/9/2026	Berenberg Bank 2 of 5 stars	Reiterated Rating	Buy	GBX 4,000	+31.17%
7/3/2026	JPMorgan Chase & Co. 3 of 5 stars	Lower Target	Overweight	GBX 3,900 ➝ GBX 3,600	+24.16%
6/16/2026	UBS Group 4 of 5 stars	Reiterated Rating	Neutral
5/21/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Reiterated Rating	Buy	$44.00 ➝ $45.00
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
4/8/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Reiterated Rating	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 Monday at 08:24 PM 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, July 8, 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 is actively working towards becoming a net-zero emissions business by 2050, which positions it favorably in the growing market for sustainable energy solutions.
The current stock price is around $60, reflecting a stable investment opportunity in the energy sector.
Recent updates indicate that Shell executives are receiving dividend shares under employee plans, suggesting confidence in the company's financial health and commitment to rewarding stakeholders.
Shell's global footprint and brand trust enable it to leverage innovation and technology, making it a competitive partner in the energy transition.
As a leader in the oil and gas integrated industry, Shell has the potential to capitalize on both traditional and renewable energy markets, providing diverse revenue streams.

Shell
Bear Case

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

Despite its efforts towards sustainability, Shell still operates heavily in fossil fuels, which may pose risks as global policies increasingly favor renewable energy sources.
Market volatility in the oil and gas sector can impact Shell's profitability, making it a potentially risky investment during uncertain economic times.
Shell's transition to a net-zero emissions business may require significant capital investment, which could affect short-term financial performance.
Regulatory changes and environmental concerns could lead to increased operational costs for Shell, impacting its bottom line.
Competition from emerging renewable energy companies may challenge Shell's market position, especially as consumer preferences shift towards greener alternatives.

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 2,899, with a high forecast of GBX 4,000 and a low forecast of GBX 44.

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

According to analysts, Shell's stock has a predicted downside of -6.73% based on their 12-month stock forecasts.

Over the previous 90 days, Shell's stock had 1 upgrade and 1 downgrade by analysts.

Shell has been rated by research analysts at Barclays, Berenberg Bank, BNP Paribas Exane, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., The Goldman Sachs Group, 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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This page (LON:SHEL) was last updated on 7/13/2026 by MarketBeat.com Staff.

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Shell (SHEL) Stock Forecast & Price Target