Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 2,949

Shell plc (LON:SHEL) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 2,949.

A number of analysts have issued reports on the stock. Morgan Stanley lowered shares of Shell to an “equal weight” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Shell in a research note on Friday, May 8th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Shell in a research note on Wednesday, June 10th. Rothschild & Co Redburn lowered shares of Shell to a “neutral” rating in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research note on Wednesday, April 8th.

Shell Stock Up 0.7%

Shares of LON:SHEL opened at GBX 2,919.50 on Monday. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.87. The firm has a market capitalization of £162.19 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The firm’s 50-day moving average is GBX 3,178.09 and its two-hundred day moving average is GBX 3,055.71. Shell has a 1 year low of GBX 2,541.71 and a 1 year high of GBX 3,758.50.

About Shell

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.