Shell plc (LON:SHEL) Receives GBX 3,366.67 Average PT from Analysts

Shares of Shell plc (LON:SHEL) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 3,350 ($40.90).

Several equities research analysts have recently issued reports on SHEL shares. JPMorgan Chase & Co. raised their price objective on Shell from GBX 3,200 ($39.07) to GBX 3,300 ($40.29) and gave the company an “overweight” rating in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($39.07) target price on shares of Shell in a research note on Monday, December 16th.

Shell Trading Up 0.4 %

Shares of Shell stock opened at GBX 2,672.98 ($32.63) on Friday. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 40.32. The business’s 50 day moving average is GBX 2,529.70 and its 200-day moving average is GBX 2,620.92. Shell has a 12-month low of GBX 2,345 ($28.63) and a 12-month high of GBX 2,961 ($36.15). The stock has a market cap of £165.19 billion, a P/E ratio of 1,243.25, a P/E/G ratio of 2.50 and a beta of 0.51.

Shell Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, November 14th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.06%. Shell’s dividend payout ratio (DPR) is currently 4,883.72%.

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.