Shares of Shell plc (LON:SHEL – Get Free Report) have been assigned an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 3,169.71 ($40.09).
A number of equities research analysts have commented on the company. Barclays reissued an “overweight” rating and issued a GBX 3,800 ($48.06) price objective on shares of Shell in a research note on Friday, May 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,000 ($37.95) price target on shares of Shell in a research report on Friday, May 3rd. Finally, Bank of America restated a “buy” rating and set a GBX 3,300 ($41.74) price target on shares of Shell in a research note on Monday, April 22nd.
Get Our Latest Stock Analysis on SHEL
Shell Stock Performance
Shell Announces Dividend
The business also recently declared a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 16th were given a $0.34 dividend. This represents a yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s payout ratio is currently 5,069.77%.
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.
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