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

Shell plc (LON:SHEL) has earned an average rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,350 ($41.68).

SHEL has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of Shell from GBX 3,200 ($39.81) to GBX 3,300 ($41.05) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($39.81) target price on shares of Shell in a research note on Monday, December 16th.

Shell Trading Down 0.6 %

Shares of Shell stock opened at GBX 2,610 ($32.47) on Tuesday. The company has a 50 day simple moving average of GBX 2,554.80 and a two-hundred day simple moving average of GBX 2,604.86. The firm has a market cap of £161.30 billion, a PE ratio of 1,213.95, a PEG ratio of 2.50 and a beta of 0.51. Shell has a 1 year low of GBX 2,374.50 ($29.54) and a 1 year high of GBX 2,961 ($36.84). The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87.

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.