Shell plc (LON:SHEL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Shell plc (LON:SHEL) have received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Six research 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 analysts that have covered the stock in the last year is GBX 2,899.

Several equities research analysts have recently issued reports on SHEL shares. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research note on Friday, May 8th. UBS Group reaffirmed a “neutral” rating on shares of Shell in a report on Tuesday, June 16th. Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a report on Wednesday, April 8th. BNP Paribas Exane downgraded Shell from an “outperform” rating to a “neutral” rating in a research note on Friday, April 17th. Finally, Morgan Stanley lowered Shell to an “equal weight” rating in a research report on Wednesday, March 25th.

Shell Stock Up 2.1%

SHEL stock opened at GBX 3,227 on Friday. The firm has a market cap of £178.85 billion, a PE ratio of 10.05, a P/E/G ratio of 2.50 and a beta of 0.43. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.86 and a current ratio of 1.27. The firm’s fifty day moving average is GBX 3,103.26 and its 200 day moving average is GBX 3,086.93. Shell has a one year low of GBX 2,553.77 and a one 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.