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

Shares of Shell plc (LON:SHEL) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 3,325 ($43.04).

Several research firms have recently weighed in on SHEL. JPMorgan Chase & Co. boosted their target price on Shell from GBX 3,200 ($41.42) to GBX 3,300 ($42.71) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Berenberg Bank restated a “buy” rating and issued a GBX 3,250 ($42.07) target price on shares of Shell in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,200 ($41.42) price target on shares of Shell in a report on Monday, December 16th.

Shell Price Performance

LON SHEL opened at GBX 2,794 ($36.16) on Wednesday. The firm’s fifty day moving average price is GBX 2,659.15 and its 200 day moving average price is GBX 2,581.93. Shell has a 12 month low of GBX 2,374.50 ($30.73) and a 12 month high of GBX 2,961 ($38.33). The company 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.

Insider Buying and Selling

In related news, insider Wael Sawan acquired 29,479 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of GBX 2,630 ($34.04) per share, for a total transaction of £775,297.70 ($1,003,491.72). 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.