Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,325

Shares of Shell plc (LON:SHEL) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,325 ($42.86).

Several brokerages have recently weighed in on SHEL. JPMorgan Chase & Co. lifted their price objective on Shell from GBX 3,200 ($41.25) to GBX 3,300 ($42.54) and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Berenberg Bank reissued a “buy” rating and set a GBX 3,250 ($41.89) price objective on shares of Shell in a report on Wednesday, February 19th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,200 ($41.25) price objective on shares of Shell in a report on Monday, December 16th.

Shell Stock Down 1.2 %

SHEL opened at GBX 2,537.34 ($32.71) on Friday. The firm has a market capitalization of £191.07 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The stock’s 50 day moving average price is GBX 2,624.91 and its two-hundred day moving average price is GBX 2,583.61. Shell has a 12-month low of GBX 2,374.50 ($30.61) and a 12-month high of GBX 2,961 ($38.17).

Insider Buying and Selling at Shell

In other Shell news, insider Wael Sawan acquired 29,479 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of GBX 2,630 ($33.90) per share, for a total transaction of £775,297.70 ($999,352.54). Corporate 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.