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

Shell plc (LON:SHEL) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,325 ($42.25).

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Shell from GBX 3,200 ($40.67) to GBX 3,300 ($41.94) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,200 ($40.67) target price on shares of Shell in a research note on Monday, December 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,250 ($41.30) target price on shares of Shell in a report on Wednesday, February 19th.

Shell Stock Up 0.8 %

LON SHEL opened at GBX 2,656.50 ($33.76) on Friday. Shell has a 52 week low of GBX 2,374.50 ($30.18) and a 52 week high of GBX 2,961 ($37.63). The company has a market capitalization of £200.04 billion, a P/E ratio of 13.24, 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 2,619.44 and its 200-day moving average price is GBX 2,586.97.

Insiders Place Their Bets

In other Shell news, insider Wael Sawan bought 29,479 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of GBX 2,630 ($33.42) per share, with a total value of £775,297.70 ($985,255.69). Corporate insiders own 0.07% of the company’s stock.

About Shell

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.