Shell plc (LON:SHEL) Given Average Recommendation of “Buy” by Brokerages

Shell plc (LON:SHEL) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat reports. Six research 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 3,350 ($40.99).

Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,200 ($39.15) price target on shares of Shell in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on Shell from GBX 3,200 ($39.15) to GBX 3,300 ($40.38) and gave the stock an “overweight” rating in a research report on Tuesday.

Shell Stock Up 1.2 %

SHEL stock opened at GBX 2,721.50 ($33.30) on Friday. Shell has a 12 month low of GBX 2,345 ($28.69) and a 12 month high of GBX 2,961 ($36.23). The company has a market cap of £168.19 billion, a price-to-earnings ratio of 1,265.81, a PEG ratio of 2.50 and a beta of 0.51. 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 firm has a 50-day moving average of GBX 2,533.28 and a two-hundred day moving average of GBX 2,619.36.

Shell Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.34 per share. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, November 14th. Shell’s payout ratio is 4,883.72%.

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.