Shell plc (LON:SHEL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Shell plc (LON:SHEL) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 2,949.

A number of equities research analysts have recently weighed in on the company. HSBC raised Shell from a “hold” rating to a “buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Shell in a research report on Friday, May 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shell in a research report on Friday, May 8th. BNP Paribas Exane cut shares of Shell from an “outperform” rating to a “neutral” rating in a research report on Friday, April 17th. Finally, Barclays reaffirmed a “buy” rating on shares of Shell in a research report on Thursday, May 7th.

Shell Stock Up 0.1%

SHEL opened at GBX 3,123.50 on Thursday. Shell has a fifty-two week low of GBX 2,438 and a fifty-two week high of GBX 3,592. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.87 and a current ratio of 1.27. The company has a market capitalization of £174.19 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.50 and a beta of 0.43. The stock has a fifty day moving average of GBX 3,335.88 and a 200-day moving average of GBX 3,009.50.

Shell Company Profile

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.