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. , Rothschild & Co Redburn , Royal Bank Of Canada , The Goldman Sachs Group , and UBS Group in the past 90 days.

GBX 2,897 -2.00 (-0.07%)

As of 05:49 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 2,949

According to the 12 analysts' twelve-month price targets for Shell, the average price target is GBX 2,949. 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 upside of 1.79% from the current price of GBX 2,897.

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 7/3/25 to 7/3/26	1 Month Ago 6/3/25 to 6/3/26	3 Months Ago 4/4/25 to 4/4/26	1 Year Ago 7/3/24 to 7/3/25
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)	4 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 2,949	GBX 2,949	GBX 3,183.33	GBX 3,287.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	2.39
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

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Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
6/16/2026	UBS Group 4 of 5 stars	Reiterated Rating	Neutral
6/10/2026	JPMorgan Chase & Co. 3 of 5 stars	Reiterated Rating	Buy
5/21/2026	Jefferies Financial Group 3 of 5 stars	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
5/12/2026	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target	Buy	GBX 4,100 ➝ GBX 4,000	+25.85%
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
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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 Friday at 06:00 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 Thursday, July 2, 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 company has a strong global presence and brand trust, which can attract partnerships and investments as the energy sector transitions.
As of now, the current stock price is around $55, reflecting a stable investment opportunity in the oil and gas sector.
Shell plc's focus on innovation and technology capabilities enhances its competitive edge, making it a preferred partner for energy solutions.
The recent updates on total voting rights and share capital structure indicate transparency and commitment to shareholder interests, which can boost investor confidence.

Shell
Bear Case

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

Despite its efforts towards sustainability, Shell plc remains heavily invested in fossil fuels, which may pose risks as global policies increasingly favor renewable energy.
The volatility of oil prices can significantly impact Shell's profitability, making it a potentially risky investment in uncertain market conditions.
Regulatory pressures and potential fines related to environmental impacts could affect Shell's financial performance and stock value.
Competition from emerging renewable energy companies may challenge Shell's market share in the long term.
Investors may be concerned about the company's ability to adapt quickly to the rapidly changing energy landscape, which could affect future growth prospects.

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 2,949, with a high forecast of GBX 4,000 and a low forecast of GBX 44.

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 1.79% based on their 12-month stock forecasts.

Over the previous 90 days, Shell's stock had 2 downgrades and 1 upgrade by analysts.

Shell has been rated by research analysts at Barclays, Berenberg Bank, BNP Paribas Exane, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Rothschild & Co Redburn, Royal Bank Of Canada, 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 7/3/2026 by MarketBeat.com Staff.

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Shell (SHEL) Stock Forecast & Price Target