Shell plc (LON:SHEL) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shell plc (LON:SHEL) has received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,775.

Several brokerages have commented on SHEL. JPMorgan Chase & Co. cut their target price on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research note on Friday, July 3rd. UBS Group reiterated a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a report on Thursday, September 24th. Berenberg Bank restated a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,500 price objective on shares of Shell in a research note on Tuesday, August 25th.

Insider Buying and Selling

In other news, insider Sinead Gorman sold 30,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 3,369, for a total transaction of £1,010,700. 0.05% of the stock is currently owned by insiders.

Shell Trading Up 0.6%

LON:SHEL opened at GBX 3,674.50 on Wednesday. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,758.50. The stock’s fifty day moving average price is GBX 3,454.90 and its two-hundred day moving average price is GBX 3,304.85. The company has a debt-to-equity ratio of 40.42, a current ratio of 1.43 and a quick ratio of 0.86. The company has a market cap of £209.37 billion, a P/E ratio of 8.13, a P/E/G ratio of 2.50 and a beta of 0.43.

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.