Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,350

Shell plc (LON:SHEL) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,350 ($41.40).

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Shell from GBX 3,200 ($39.55) to GBX 3,300 ($40.78) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,200 ($39.55) price objective on shares of Shell in a research report on Monday, December 16th.

Shell Trading Up 0.7 %

Shares of LON:SHEL opened at GBX 2,658 ($32.85) on Tuesday. The company has a 50 day moving average price of GBX 2,562.89 and a 200 day moving average price of GBX 2,599.23. The stock has a market capitalization of £164.26 billion, a price-to-earnings ratio of 1,236.28, a PEG ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41. Shell has a 1-year low of GBX 2,374.50 ($29.34) and a 1-year high of GBX 2,961 ($36.59).

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.