Shell plc (LON:SHEL) Receives Average Recommendation of “Buy” from Brokerages

Shell plc (LON:SHEL) has earned an average rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 3,350 ($41.68).

Several brokerages have recently commented on SHEL. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,200 ($39.81) target price on shares of Shell in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Shell from GBX 3,200 ($39.81) to GBX 3,300 ($41.05) and gave the company an “overweight” rating in a research note on Tuesday, January 14th.

Shell Trading Down 0.6 %

LON SHEL opened at GBX 2,610 ($32.47) on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 40.32. The business has a fifty day simple moving average of GBX 2,554.80 and a 200 day simple moving average of GBX 2,604.86. Shell has a 12 month low of GBX 2,374.50 ($29.54) and a 12 month high of GBX 2,961 ($36.84). The firm has a market capitalization of £161.30 billion, a P/E ratio of 1,213.95, a PEG ratio of 2.50 and a beta of 0.51.

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.