Shell plc (LON:SHEL) Receives Consensus Rating of “Buy” from Analysts

Shares of Shell plc (LON:SHEL) have been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 3,325 ($43.05).

A number of equities research analysts recently commented on SHEL shares. Berenberg Bank reissued a “buy” rating and issued a GBX 3,250 ($42.08) price objective on shares of Shell in a research note on Wednesday, February 19th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,200 ($41.43) price target on shares of Shell in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Shell from GBX 3,200 ($41.43) to GBX 3,300 ($42.72) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th.

Shell Stock Performance

Shell stock opened at GBX 2,771.50 ($35.88) on Wednesday. The firm has a market capitalization of £208.70 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. Shell has a fifty-two week low of GBX 2,374.50 ($30.74) and a fifty-two week high of GBX 2,961 ($38.34). The stock’s fifty day moving average is GBX 2,652.20 and its two-hundred day moving average is GBX 2,576.50.

Insider Activity at Shell

In related news, insider Wael Sawan acquired 29,479 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of GBX 2,630 ($34.05) per share, for a total transaction of £775,297.70 ($1,003,751.55). Insiders own 0.07% of the company’s stock.

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.