Shell plc (LON:SHEL) Receives GBX 3,325 Consensus Target Price from Brokerages

Shares of Shell plc (LON:SHEL - Get Free Report) have received an average rating of "Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,325 ($44.13).

A number of research firms have issued reports on SHEL. JPMorgan Chase & Co. boosted their price objective on shares of Shell from GBX 3,200 ($42.47) to GBX 3,300 ($43.80) and gave the company an "overweight" rating in a research report on Tuesday, January 14th. Berenberg Bank restated a "buy" rating and issued a GBX 3,250 ($43.13) price objective on shares of Shell in a report on Wednesday, February 19th.

Shell Price Performance

LON SHEL traded down GBX 10.50 ($0.14) during trading hours on Friday, reaching GBX 2,421 ($32.13). 117,815,133 shares of the stock traded hands, compared to its average volume of 12,028,372. The company has a market cap of £182.31 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The stock has a 50 day simple moving average of GBX 2,581.55 and a two-hundred day simple moving average of GBX 2,572.34. Shell has a 1 year low of GBX 2,269.92 ($30.13) and a 1 year high of GBX 2,961 ($39.30).

Insider Transactions at Shell

In related news, insider Wael Sawan purchased 29,479 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of GBX 2,630 ($34.90) per share, with a total value of £775,297.70 ($1,028,928.60). Insiders own 0.07% of the company's stock.

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.