Shell plc (LON:SHEL) Receives GBX 3,325 Consensus Target Price from Analysts

Shell plc (LON:SHEL) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 3,325 ($42.99).

SHEL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Shell from GBX 3,200 ($41.37) to GBX 3,300 ($42.66) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,250 ($42.02) price target on shares of Shell in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($41.37) price target on shares of Shell in a report on Monday, December 16th.

Shell Stock Performance

Shares of SHEL stock opened at GBX 2,800 ($36.20) on Wednesday. The company has a market capitalization of £210.85 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. Shell has a 52-week low of GBX 2,374.50 ($30.70) and a 52-week high of GBX 2,961 ($38.28). The business’s fifty day moving average is GBX 2,662.26 and its 200 day moving average is GBX 2,586.47.

Insider Activity

In related news, insider Wael Sawan bought 29,479 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of GBX 2,630 ($34.00) per share, for a total transaction of £775,297.70 ($1,002,324.11). 0.07% of the stock is owned by corporate insiders.

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.