Shell plc (LON:SHEL) Receives Average Recommendation of “Buy” from Analysts

Shares of Shell plc (LON:SHEL) have earned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 3,325 ($42.98).

SHEL has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 3,200 ($41.36) target price on shares of Shell in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on Shell from GBX 3,200 ($41.36) to GBX 3,300 ($42.65) and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 3,250 ($42.01) price objective on shares of Shell in a research note on Wednesday, February 19th.

Shell Stock Up 0.8 %

SHEL stock opened at GBX 2,554.50 ($33.02) on Friday. The business has a 50 day moving average price of GBX 2,629.27 and a 200 day moving average price of GBX 2,580.10. The stock has a market cap of £192.36 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 2.50 and a beta of 0.51. Shell has a fifty-two week low of GBX 2,374.50 ($30.69) and a fifty-two week high of GBX 2,961 ($38.27).

Insider Activity

In related news, insider Wael Sawan bought 29,479 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of GBX 2,630 ($33.99) per share, with a total value of £775,297.70 ($1,002,065.01). Corporate insiders own 0.07% of the company’s stock.

Shell Company Profile

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.