Shell plc (LON:SHEL) Given Consensus Recommendation of "Buy" by Analysts

Shares of Shell plc (LON:SHEL - Get Free Report) have been given a consensus rating of "Buy" by the six analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 3,325 ($43.04).

Several research firms have weighed in on SHEL. Berenberg Bank restated a "buy" rating and set a GBX 3,250 ($42.07) price target on shares of Shell in a report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Shell from GBX 3,200 ($41.42) to GBX 3,300 ($42.71) and gave the stock an "overweight" rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,200 ($41.42) price target on shares of Shell in a research note on Monday, December 16th.

Shell Stock Performance

Shares of SHEL traded down GBX 28.50 ($0.37) during midday trading on Wednesday, hitting GBX 2,794 ($36.16). 70,596,961 shares of the company traded hands, compared to its average volume of 11,184,775. The stock has a market cap of £210.40 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.50 and a beta of 0.51. The firm has a 50 day moving average of GBX 2,659.15 and a 200-day moving average of GBX 2,582.18. Shell has a 52 week low of GBX 2,374.50 ($30.73) and a 52 week high of GBX 2,961 ($38.33).

Insider Activity at Shell

In other Shell news, insider Wael Sawan bought 29,479 shares of Shell stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of GBX 2,630 ($34.04) per share, for a total transaction of £775,297.70 ($1,003,491.72). 0.07% of the stock is currently owned by insiders.

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.