Shell plc (LON:SHEL – Get Free Report) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 3,169.71 ($40.21).
A number of analysts have weighed in on SHEL shares. Royal Bank of Canada reissued an “outperform” rating and set a GBX 3,000 ($38.06) target price on shares of Shell in a research report on Friday, May 3rd. Barclays reissued an “overweight” rating and set a GBX 3,800 ($48.20) target price on shares of Shell in a research report on Friday, May 3rd. Finally, Bank of America reissued a “buy” rating and set a GBX 3,300 ($41.86) target price on shares of Shell in a research report on Monday, April 22nd.
Read Our Latest Stock Analysis on Shell
Shell Stock Performance
Shell Announces Dividend
The firm 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%.
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.
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