Shell (SHEL) Stock Forecast & Price Target

$66.81

+0.86 (+1.30%)

(As of 11:08 AM ET)

Shell - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
2

Buy
5

Based on 7 Wall Street analysts who have issued ratings for Shell in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for SHEL.

Consensus Price Target

$83.50
25.73% Upside

According to the 7 analysts' twelve-month price targets for Shell, the average price target is $83.50. The highest price target for SHEL is $90.00, while the lowest price target for SHEL is $79.00. The average price target represents a forecasted upside of 25.73% from the current price of $66.81.

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SHEL Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$83.50	$85.00	$83.33	$67.00
Forecasted Upside	25.73% Upside	18.62% Upside	14.11% Upside	5.74% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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SHEL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SHEL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Shell Stock vs. The Competition

Type	Shell	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.86	2.60	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	26.55% Upside	213.04% Upside	6.15% Upside
News Sentiment Rating	Neutral News See Recent SHEL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/27/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$88.00 ➝ $84.00	+27.27%
8/5/2024	Berenberg Bank 2 of 5 stars	H. Tarr Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/30/2024	Royal Bank of Canada 4 of 5 stars	B. Borkhataria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$95.00 ➝ $90.00	+23.15%
6/6/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$77.00 ➝ $79.00	+12.73%
Get the Latest News and Ratings for SHEL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Shell and its competitors with MarketBeat's FREE daily newsletter.
5/3/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$74.00 ➝ $81.00	+11.91%
12/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
6/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight
6/13/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $67.00	+15.89%
2/28/2023	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce
2/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
12/6/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,761 ➝ GBX 2,987
12/2/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,900 ➝ GBX 2,950
10/24/2022	Grupo Santander Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:43 AM ET.

Should I Buy Shell Stock? SHEL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 29, 2024. Please send any questions or comments about these Shell pros and cons to contact@marketbeat.com.

Shell
Bull Case

Here are some ways that investors could benefit from investing in Shell:

Shell's stock price is currently at $66.11, showing potential for growth based on analysts' target prices.
Recent analyst reports have upgraded Shell's ratings, indicating positive sentiment and potential future performance.
Shell has a strong market capitalization of $209.04 billion, reflecting stability and investor confidence.
Institutional investors have been increasing their positions in Shell, suggesting long-term growth prospects.
Shell's price-to-earnings ratio of 12.20 and low debt-to-equity ratio of 0.35 indicate financial stability and sound management.

Shell
Bear Case

Investors should be bearish about investing in Shell for these reasons:

Recent price target cuts by analysts, such as Wells Fargo & Company, may indicate potential challenges or uncertainties in the company's performance.
Despite positive ratings, Shell's stock has experienced fluctuations in trading volume, which could signal market volatility.
Shell's P/E/G ratio of 1.59 suggests that the stock may be slightly overvalued compared to its growth prospects.
The beta of 0.57 indicates that Shell's stock price is less volatile than the market average, potentially limiting short-term gains.
While Shell has a strong market capitalization, the company's 50-day moving average of $70.35 may indicate short-term price challenges.

SHEL Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Shell is $83.50, with a high forecast of $90.00 and a low forecast of $79.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shell in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHEL shares.
: According to analysts, Shell's stock has a predicted upside of 24.98% based on their 12-month stock forecasts.
: Over the previous 90 days, Shell's stock had 2 upgrades by analysts.
: Shell has been rated by research analysts at Berenberg Bank, Royal Bank of Canada, Scotiabank, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Shell more than other "oils/energy" companies. The consensus rating score for Shell is 2.86 while the average consensus rating score for "oils/energy" companies is 2.60. Learn more on how SHEL compares to other companies.

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This page (NYSE:SHEL) was last updated on 10/1/2024 by MarketBeat.com Staff

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