Shell plc (LON:SHEL) Given Consensus Rating of “Buy” by Analysts

Shares of Shell plc (LON:SHEL) have earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 3,325 ($42.99).

A number of brokerages have issued reports on SHEL. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($41.38) price target on shares of Shell in a research note on Monday, December 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,250 ($42.02) target price on shares of Shell in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Shell from GBX 3,200 ($41.38) to GBX 3,300 ($42.67) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th.

Shell Stock Down 1.0 %

SHEL stock opened at GBX 2,794 ($36.13) on Wednesday. The stock has a market capitalization of £210.40 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The stock’s fifty day simple moving average is GBX 2,659.15 and its 200-day simple moving average is GBX 2,582.60. Shell has a 52-week low of GBX 2,374.50 ($30.70) and a 52-week high of GBX 2,961 ($38.29).

Insider Activity

In other Shell news, insider Wael Sawan bought 29,479 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of GBX 2,630 ($34.01) per share, for a total transaction of £775,297.70 ($1,002,453.71). Insiders own 0.07% of the company’s stock.

Shell Company Profile

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.