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Shell (SHEL) Stock Forecast & Price Target

$70.82
+0.45 (+0.64%)
(As of 05/24/2024 ET)

Shell - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Consensus Price Target

$79.67
12.49% Upside
High Forecast$91.00
Average Forecast$79.67
Low Forecast$67.00
TypeCurrent Forecast
5/26/23 to 5/25/24
1 Month Ago
4/26/23 to 4/25/24
3 Months Ago
2/25/23 to 2/25/24
1 Year Ago
5/26/22 to 5/26/23
Consensus Rating
Moderate Buy
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$79.67$67.00$67.00$75.00
Forecasted Upside12.49% Upside11.52% Upside11.52% Upside23.38% Upside
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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.
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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.
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Shell Stock vs. The Competition

TypeShellOils/Energy CompaniesS&P 500
Consensus Rating Score
2.60
2.54
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside12.49% Upside594.09% Upside9.91% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/3/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$88.00 ➝ $91.00+25.74%
5/3/2024TD Securities
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 Boost TargetBuy$74.00 ➝ $81.00+11.91%
12/13/2023BNP Paribas
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 DowngradeOutperform ➝ Neutral
8/11/2023Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform28.00 ➝ 27.00
6/21/2023Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight
6/13/2023Piper Sandler
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 Lower Target$75.00 ➝ $67.00+15.89%
2/28/2023AlphaValue
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 UpgradeReduce
2/27/2023The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy
2/17/2023Berenberg Bank
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 Boost TargetGBX 2,900 ➝ GBX 3,000
1/12/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
12/6/2022Deutsche Bank Aktiengesellschaft
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 Boost TargetGBX 2,761 ➝ GBX 2,987
12/2/2022JPMorgan Chase & Co.
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 Boost TargetGBX 2,900 ➝ GBX 2,950
10/24/2022Grupo Santander
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 DowngradeOutperform ➝ Neutral
7/20/2022HSBC
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 Lower TargetGBX 2,700 ➝ GBX 2,550
7/12/2022ING Group
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 UpgradeHold ➝ Buy
6/9/2022Credit Suisse Group
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 Initiated CoverageOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:33 PM ET.

SHEL Frequently Asked Questions

What is Shell's stock forecast and purchase recommendation?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Shell is $79.67, with a high forecast of $91.00 and a low forecast of $67.00. The consensus rating for Shell stock is Moderate Buy based on the current 2 hold ratings and 3 buy ratings for SHEL. Learn more on SHEL's analyst rating history.

Do Wall Street analysts like Shell more than its competitors?

Analysts like Shell more than other "oils/energy" companies. The consensus rating score for Shell is 2.60 while the average consensus rating score for "oils/energy" companies is 2.54. Learn more on how SHEL compares to other companies.

Does Shell's stock price have much upside?

According to analysts, Shell's stock has a predicted upside of 16.68% based on their 12-month stock forecasts.

What analysts cover Shell?

Shell has been rated by research analysts at TD Securities, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:SHEL) was last updated on 5/25/2024 by MarketBeat.com Staff

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